2023 Clark Hill Legal Outlook for Navigating the Automotive and Manufacturing Industries
The automotive and manufacturing industries continued to push for growth and toward a new normal in 2022 despite continued challenges throughout the supply chain and in the overall global economy. Generally, the outlook for 2023 has these industries focused on continued growth, albeit at a soft pace, with hope that a recession will be avoided. While many vulnerabilities continue to exist for suppliers, opportunities are abundant in 2023. Clark Hill’s 2023 Automotive & Manufacturing Industry Outlook outlines many of the trends that will form the future of the automotive industry, provides insights into the questions we continually hear from our clients, and sets the stage for what our clients may consider as challenges and opportunities throughout the coming months.
Our Automotive & Manufacturing team will continue to provide updates throughout the year. If you would like to subscribe to our mailing list to receive these updates, please click here.
Labor & Employment
By Anne-Marie V. Welch. Now that the mid-term elections are behind us, 2023 is shaping up to have many changes in store for employers. Read on for five changes that may have a significant impact on manufactures this year.
A five-member arbitral panel issued its Final Report on the dispute over the interpretation of the automotive rules of origin under the United States-Mexico-Canada Agreement, marking a win for Canada and Mexico against the United States. The report found that the United States’ interpretation of the rules was “inconsistent” with the USMCA.
By Linda Watson. All signs indicate the automotive and manufacturing industry will continue to face supply chain challenges in 2023 and beyond. Fortunately, there are measures suppliers can take to ensure greater resiliency in their own supply chain.
Cybersecurity, Data Protection & Privacy
By Melissa Ventrone and Ilya Smith. As we move into 2023, it is an advantageous time for businesses and organizations of all sizes to review their cybersecurity and privacy protections and policies.
Environmental, Social, and Governance (ESG) & Sustainability
By Maram Salaheldin. In 2023, companies can expect that ESG, and sustainability regulations, enforcement, and litigation will continue to evolve, as the global landscape becomes more complex creating both risks and opportunities for businesses.
By James English. The federal government, state governments, and private enterprises are tackling the electric vehicle charging infrastructure challenge. 2023 will be a year of immense growth for the EV transportation infrastructure sector.
By James Murphy. Historically, issues with Standard-Essential Patents involved the information technology industries and did not heavily impact the automotive industry. That is changing. Everything from electrical charging connections to how the EVs must read and understand road signs, to connecting and interacting with other EVs and passenger devices, etc., will likely become standardized.
Energy & Environment
By Joe Brendel, Mark Steger, and Chris Clare. New regulatory developments and other actions regarding per- and polyfluoroalkyl substances (“PFAS”) will continue to be front of mind for the automotive and manufacturing industries in 2023.
Restructuring & Bankruptcy
By Kevin Morse. Nearly three years since the start of the pandemic, we may see the long-term effects of the shutdown catching up to the economy and, more specifically, the automotive industry.