Nexus Automotive International (N!) has unveiled the details of five initiatives that the organization says will help drive it towards its target of being a global leader.
Launched in February 2014 with an EU footprint and headquarters in Geneva, Nexus’ founding partners consist of 14 shareholders that are leading independent car parts distributors in multiple markets.
Already established in 84 countries, the international autoparts distributor says it is looking to do more than just extend its global reach in 2016; its aim is to help member companies and suppliers maximize the business opportunities created. To achieve this N! has:
- Launched the N! Academy, a certified aftermarket program offering a wide range of training, including management, technical and sales skills
- Added a host of new products to its successful DR!VE+ private label service brand
- Introduced N! Slow Mover, a tool that enables slow moving stock to be promoted into wider markets via the N! community
- Built a sophisticated intranet, called CON!NECT, which will bring members and suppliers closer together, encouraging more business, and
- Introduced an IT reporting tool enabling in-depth analysis to help drive performance and growth in the N! community
Details of these five initiatives were presented at the second annual NEXUS Business Forum, held Feb. 3-5 in Montreux, Switzerland, which included two days of business “speed dating” between suppliers and N! members.
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More than 300 delegates attended, representing around 70 nationalities, clear evidence that NEXUS Automotive International is now global, said CEO Gael Escribe.
Reaffirming the organization’s ambition to increase the total consolidated turnover of its membership from today’s €7.25 billion to more than €9 billion by the end of 2016, Escribe said N! saw aftermarket potential in a further around 100 countries.
“Our vision is one aftermarket and for NEXUS to be a leader, no more a challenger,” he said, reminding the audience N! had, in just two years, already achieved 59 supplier contracts of which 50 are global.
This year will see the United States, through NEXUS Automotive North America, become the biggest region for N! with Western Europe close behind, the organization said. However, the focus will continue to be worldwide with developments in other places, including China, “a region that is really starting to consume auto parts,” said Escribe.
At the event, N! said it also was pleased to have welcomed its first member from Iran, Alborz Yadak Trading, creating “a huge opportunity for it to be the first Iranian company to go multi-national,” said Escribe.
The forum also addressed the issue of connected cars, with a roundtable examining the threats and opportunities this new technology will have on the aftermarket.
