GM DePinners,
Can you hear the hum of the latest Tesla cyber truck? Have you managed to get your hands on one? Do share the deets with us as I dream about them right after I put this diary entry away. So you managed to stake your way to a Tesla in your driveway but did you know that there are over 10,000 unique parts in a Tesla Model 3 and any one of them can slow down the automaker’s important production.
Let’s take a closer look at what makes the automotive industry tick and how Morpheus is a well oiled machine to keep things running smoothly. There are three notable issues facing the industry: the transition to electric vehicles, inflation and the fact that a large portion of employees in the industry are heading towards retirement.
The global pandemic sent shockwaves through the automotive industry leading to massive production losses with the exclusion of 11.3 million vehicles from production in 2021. However, by mid-2023, the worst of the semiconductor shortage appears to have subsided.
While production and sales are improving, increased demand for semiconductors in EVs and autonomous vehicles, and geopolitical trade risks are causing new havoc to supplies. The industry's demand for semiconductors is expected to escalate, with the value of chips per vehicle forecasted to rise from $500 in 2020 to $1,400 by 2028.
The rapid shift towards EVs, expected to comprise 35% of North American production by 2030, has further increased demand for batteries and semiconductors. What does this do? It puts even more pressure on the supply chains.
Another challenge is lack of staff with relevant skills to facilitate demand for the newer car models. In a recent survey with over 600 industry experts more than half 56% identified skills shortages as a major challenge.
Car manufacturing will continue to face threats and must use advanced technologies to navigate the complexities of newer production processes and geopolitical tensions to stay ahead of the game.
Morpheus works on the nuts and the bolts of supply chains
As we spoke about, the automotive industry has recently faced pretty significant production challenges, cutting millions of vehicles. Morpheus uses middleware solutions to address these issues by enhancing coordination within the supply chain. Manufacturers need to monitor when parts are needed and forecast demand more efficiently. By modernizing supply chain operations using advanced technologies like AI, IoT and Blockchain Morpheus Network can help the automotive industry to stay ahead of the curve and reduce costs.
As the automotive industry evolves, middleware platforms will play a crucial role in delivering reliable, safe, and environmentally friendly vehicles, paving the way for a future defined by technological advancements and sustainable practices.
Right click and collect this post and circle back around to me when you have that Tesla parked up outside. Feel free to share pictures of the evidence.
Are you a Tesla or car enthusiast? Here is some stimulating bedside reading for y’all:
Teslas Owner Manual - https://www.tesla.com/ownersmanual/modely/en_us/GUID-8FA15856-1720-440F-838B-ACFBA8D7D608.html
GN for now.
The DePIN Guru 📌📌📌
