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Shift: A podcast about mobility

The importance of commercial vehicles in a fragile economy (Episode 38)

Shift: A podcast about mobility

Automotive News

Business

4.637 Ratings

🗓️ 20 April 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Businesses big and small rely on commercial vehicles, and they can be surprisingly hard to find, says Kathryn Schifferle, CEO of Work Truck Solutions. She discusses better ways to match buyers and sellers, and underscores the importance of work trucks to driving the nation’s economy through the COVID-19 crisis.

Transcript

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0:00.0

Hi everybody. Welcome to Shift, a podcast about mobility. I'm Pete Bigelow, your host and reporter, the

0:14.0

automotive news. And I'm Alexa St. John, covering tech and suppliers for

0:18.3

automotive news. Our guest today is Catherine Schifferley, CEO of Work Truck Solutions, a platform where buyers and

0:27.2

sellers of commercial vehicles can come together and find and sell the specific vehicles they need, which is a harder test than you might think.

0:35.0

First, Alexa, what's going on in the supplier world?

0:40.0

What sort of things are you seeing in the supply chain as everyone kind of grapples with the ongoing

0:46.7

COVID-19 crisis?

0:48.7

Well, Pete, we're seeing a lot of the same this week and over the last couple of days.

0:55.0

You know, we have seen both automakers and suppliers continue to tap their credit lines, securing cash in order to protect themselves from, you know, virtually what will be an unknown number of weeks ahead in this crisis.

1:14.0

So lots of uncertainties still as we navigate this.

1:18.0

One thing I think is interesting though is

1:21.0

a source that I spoke with at IBM last week told me about how this crisis, you know, as

1:29.4

tragic as unfortunate as devastating that it has been will bring a little bit of as This will be a big opportunity for artificial intelligence for automation for new technologies to be implemented into the supply chain and the reason for that is

1:50.3

Had all of these technologies been put in place already or at least been put in place more

1:56.2

so than they are, we would have seen less of a struggle in the early stages of this pandemic.

2:05.2

Just when it was initially affecting Asia,

2:08.4

we would have seen less struggles

2:09.7

to reroute supply chains or retool elsewhere

2:13.4

or redesign the supply chain in a way

2:16.3

that would have kept production going at that time.

2:20.1

So I think it will be interesting to see how suppliers bring on AI and more automation to their processes

2:30.7

so that they're able to weather, know downturns and crises like this in the future.

...

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