Today (Friday 8 December, 2023) German software company One Data announced a cooperation with German Volkswagen AG (VW) in an effort to tackle the imbalance of supply of critical components. The partnership will see the AI-matching platform Wavetrade used to enable the exchange, purchase and sale of semiconductors and chips.
Karsten Schnake, Head of the Operative and Strategic Semiconductor Taskforce COMPASS at Volkswagen AG, commented: “Trading critical components without a systematic platform in place is extremely time-consuming. The Wavetrade platform can help to strengthen the liquidity of our suppliers while ensuring the resilience of supply chains and can be seen as a best-practice example of the sharing economy in that it prevents production stops and reduces surplus capacity.”
Dr. Stefan Roskos, Managing Director of One Data GmbH, elaborated: “A lack of information is largely responsible for disruptions to supply chains and surplus capacities because companies are simply unable to find out if the chips they need are available in the market or if they are required elsewhere. Up to now, this balance could only be redressed in the form of labor-intensive taskforces, and even then purely in the short term and in an unsystematic way. Wavetrade creates transparency and enables to actively counteract.”
The Wavetrade platform allows companies to boost the resilience of the supply chain, cut back on surplus capacity and optimize their net working capital, improve the sustainability of goods flows, and benefit from the chip inventories of other branches.
One Data GmbH today announced a partnership with Volkswagen AG to allow the exchange, purchase and sale of semiconductors and chips using the AI-matching platform Wavetrade. The move is intended to combat the uneven supply of critical components that has been an ongoing issue in the automotive sector.
Karsten Schnake, Head of the Operative and Strategic Semiconductor Taskforce COMPASS at Volkswagen AG, commented: “The Wavetrade platform can help to strengthen the liquidity of our suppliers while ensuring the resilience of supply chains and can be seen as a best-practice example of the sharing economy in that it prevents production stops and reduces surplus capacity.”
Dr. Stefan Roskos, Managing Director of One Data GmbH, added: “A lack of information is largely responsible for disruptions to supply chains and surplus capacities because companies are simply unable to find out if the chips they need are available in the market or if they are required elsewhere. Wavetrade creates transparency and enables to actively counteract.”
The platform enables participants to benefit from the chip inventories of other branches, optimize their net working capital and improve the sustainability of goods flows.
Maria Große Böckmann, Spokesperson for One Data GmbH, concluded: “Our partnership with Volkswagen AG will allow companies to gain access to the surplus stock of critical components held by other partners. This will enable the exchange, purchase and sale of semiconductors and chips in a much more efficient and timely manner.”
German software company One Data have today announced a partnership with Volkswagen AG in order to combat the uneven supply of critical components in the automotive sector. The AI-matching platform Wavetrade will allow the exchange, purchase and sale of semiconductors and chips, providing much needed transparency to the market and enabling participants to benefit from the chip inventories of other branches.
Karsten Schnake, Head of the Operative and Strategic Semiconductor Taskforce COMPASS at Volkswagen AG, commented: “Trading critical components without a systematic platform in place is extremely time-consuming. The Wavetrade platform can help to strengthen the liquidity of our suppliers while ensuring the resilience of supply chains and can be seen as a best-practice example of the sharing economy in that it prevents production stops and reduces surplus capacity.”
Dr. Stefan Roskos, Managing Director of One Data GmbH, added: “A lack of information is largely responsible for disruptions to supply chains and surplus capacities because companies are simply unable to find out if the chips they need are available in the market or if they are required elsewhere. Wavetrade creates transparency and enables to actively counteract.”
Maria Große Böckmann, Spokesperson for One Data GmbH, concluded: “Our partnership with Volkswagen AG will allow companies to gain access to the surplus stock of critical components held by other partners. This will enable the exchange, purchase and sale of semiconductors and chips in a much more efficient and timely manner.”
German software company One Data have announced a partnership with Volkswagen AG to tackle the imbalance of supply of critical components in the automotive sector. This will be done through the AI-matching platform Wavetrade, which will enable the exchange, purchase and sale of
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.