Nobody likes a fight. Well, almost nobody. Trial lawyers,
boxers, and MMA fighters might be the only ones. But, in business,
the occasional fight is pretty much inevitable. What fights do we
foresee for those in the auto industry in 2016? Well, we see the
potential for some in the supply chain in one form or another.
Specifically, the automotive industry is expected to see more force
majeure events, product recalls, and warranty issues. It'll be
vital for the automotive supply chain to be ready for these and
other issues, including continued volume fluctuation and the
necessity for international dispute resolution.
Planning for the Next Force Majeure Event
Force majeure refers to unforeseeable circumstances that prevent
a party from fulfilling a contract, for example labor disputes or
strikes, and "acts of God," such as flooding. In late
2014 and early 2015, a West Coast labor strike brought trade to a
halt at seaports handling $1 trillion worth of container-ship
