Hyundai Focuses on Domestic Sourcing to Fuel Growth Plans
Auto manufacturer Hyundai is undertaking a variety of supply chain initiatives as part of its overall plan to increase North America production.
The company is planning to expand local sourcing to stabilize supply for its growing portfolio of vehicles. Hyundai is seeking to domestically source 80% of the parts used in vehicle production, compared to 60% today. Hyundai expects the increase in local sourcing to help secure supply stability, reduce logistics costs and also help mitigate regulatory exposure, leading to an […]


