Automotive Industry Outlook and Contract Terms and Conditions Tips
As countries around the world rush to deploy COVID-19 vaccines on an unprecedented scale to stave off further spikes in infections, the auto industry continues in its efforts to rebuild inventories and support recovering demand. Given the production disruption related to forced shutdowns last year and the somewhat deliberate re-start in many markets, the global supply chain remains fragile. Recent reports of semiconductor shortages represent only one example of challenges facing the industry as it looks to return to a profile of recovery and growth. How does shortages impact contractual obligations? How do you avoid the battle of the forms of purchase orders and protect your company? This webinar will provide an automotive outlook and provide tips to protect your company from pitfalls associated with contract terms and conditions.
Mike Wall - Director of Automotive Analysis, IHS Markit, will review the latest economic outlook as it impacts the auto industry, discuss IHS Markits' US light vehicle sale outlook, trends influencing the market and the outlook for North American light vehicle production, and explore broader megatrends to watch, including increasing deployment of Electric Vehicles and emerging new mobility trends.
Sheldon Klein - Shareholder, Butzel Long, will discuss tips on avoiding customers' terms imposed on your company unwittingly, understand how the battle of purchase order forms and website listed terms and conditions are fought, and tips to control set-offs.
Beth Gotthelf - Shareholder, Butzel Long/MINASF General Counsel, will moderate the session.
The webinar will include an interactive question and answer period.