Artificial intelligence (AI) is technology that enables machines to mimic human thinking and learning, allowing them to analyze information, recognize patterns, and make decisions. For investors, AI matters because it can improve how businesses operate, create new products, or identify opportunities faster and more accurately than humans alone, potentially impacting company success and market trends.
oem-suppliertechnical
An OEM-supplier is a company that makes parts, components or subsystems that are bought by an Original Equipment Manufacturer (OEM) to include in finished products — think of a bakery that supplies bread to a restaurant or a parts maker that supplies engines to a carmaker. Investors care because the supplier’s sales, profits and risks are closely tied to the OEM’s demand, contract terms, pricing power and any production disruptions at the OEM, which can quickly affect the supplier’s revenue and stock value.
oemtechnical
OEM stands for Original Equipment Manufacturer, which is a company that produces parts or components used in the final products made by other companies. For investors, understanding OEMs is important because their performance can impact the supply chain and overall success of major industries, especially those relying on specialized parts. Think of OEMs as the suppliers that provide the building blocks for larger products, like the engine parts for a car.
digital transformationtechnical
Digital transformation is the process of using digital technologies to fundamentally change how organizations operate, deliver value, and connect with customers. It often involves updating systems, automating tasks, and improving digital tools to increase efficiency and stay competitive. For investors, it signifies a company's ability to adapt to technological advances, which can impact its growth prospects and long-term success.
MILWAUKEE--(BUSINESS WIRE)--
Strattec Security Corporation (Nasdaq: STRT) (“Company”), a leading provider of smart vehicle access, security and authorization solutions for the global automotive industry, announced today that Jennifer Slater, President & CEO, will be a participant on a panel at CES on Tuesday, January 6 at 11:00 am PT. The panel, which is sponsored by the Boston Consulting Group, is titled “Smarter Together: AI, Cost & the Future of OEM-Supplier Collaboration”.
The panel will discuss how the traditional OEM–supplier relationship is evolving and how both parties can better leverage AI and new forms of collaboration to drive win-win outcomes to better position the industry to thrive in an increasingly uncertain world. Ms. Slater’s participation underscores Strattec’s commitment to the advancement of digital transformation in the automotive industry and reflects the Company’s strong collaboration and long-standing relationships with OEM partners.
In addition to Ms. Slater, speakers on the panel will include Brian Colliee, Managing Director and Senior Partner, Boston Consulting Group, Paul Farrell, EVP-CSO, BorgWarner and Peter Holdmann, Member of the Board of Management, ZF Group.
About CES (Consumer Electronic Show)
CES® is the world’s leading technology showcase, where global innovators, business leaders, and investors convene to explore emerging technologies shaping the future of industry and society. The event is produced by the Consumer Technology Association (CTA)®.
About Strattec
Strattec is a leading global provider of advanced automotive access, security & authorization solutions for leading vehicle manufacturers, primarily in the U.S. For over 110 years, Strattec has pioneered innovations in vehicle security, transitioning from mechanical to integrated electro-mechanical systems. Its highly engineered products include power access solutions, latches, vehicle start systems, keys, fobs & accessories, locks & locksets, door handles and other access products. Power access solutions provide the motion control for power liftgates, sliding power doors and power tailgates.
For more information on Strattec and its solutions, visit www.strattec.com.
