Amir Hever, CEO of UVeye, provides an example of how automated solutions powered by AI can maximise accountability in the automotive supply chain.
The European automotive industry is an extremely valuable sector, with millions of vehicles – worth billions of euros – manufactured and shipped internationally every year.
According to the European Automobile Manufacturers Association (ACEA), which represents the 16 major Europe-based car, van, truck and bus manufacturers, 19.2 million vehicles were produced in the European Union in 2018 alone. As for the value of automotive trade, the 4.2 million vehicles that were imported to the EU in 2018 were collectively worth €54 billion. Even greater are the export figures – in the same year, the EU exported 6.1 million vehicles around the world, worth an extraordinary €138.4 billion.