Volkswagen Group Increases Supply Chain Transparency through Industry-Wide Data Exchange
The Volkswagen Group will be a founding member of the Catena-X Automotive Network. The union, which currently consists of 25 partners from the fields of business and science, is pursuing the goal of creating uniform standards for the flow of data and information in the automotive value chain. This should serve as the basis for a digital ecosystem in which automobile manufacturers and suppliers, dealer associations as well as technology suppliers can take part.
Volkswagen expects the cross-company, secure and antitrust law compliant data exchange to result in new opportunities for increased efficiency and transparency for production and supply chains.
“Digitalization and networking play a key role for the production and supply chains of the future. On the one hand, constantly connected data chains from the supplier to the manufacturer enable the flows of material to be organized more efficiently, meaning supply bottlenecks can be identified early on. On the other hand, digitalization helps us to strengthen processes for observing environmental protection and human rights standards and to make supply chains even more transparent on these sensitive points.”
- Murat Aksel, member of the Board of Management of Volkswagen AG.
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