--- title: "Meaning & Key Takeaway of: There is a future for the auto parts…" description: "\"There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities i..." image: "https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg" --- # There is a future for the auto parts industry, but it… ![“There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.” quote by Wilbur Ross](https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg) [Download](https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg) [Open image](https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg) > “There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.” [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The auto parts sector must merge and streamline locations because most U.S. factories serve overseas buyers. **In simple terms:** U.S. auto parts need consolidation for overseas markets. Key Takeaway Consolidate facilities to serve global customers efficiently. Themes industry consolidation global supply chain geographic rationalization Mood strategic analytical Type business industry When to use this quote - automotive manufacturing - export planning - facility optimization Key Concepts economics logistics market alignment Questions to Reflect On - How can firms balance cost savings with local employment? - What risks arise from over‑consolidation? A Different Perspective Consolidation can be costly and face regulatory hurdles. ★ ★ ★ ★ ★ No ratings yet [Consolidation](https://sms4smile.com/quotes/about/consolidation/) [Customers](https://sms4smile.com/quotes/about/customers/) [Customers Overseas](https://sms4smile.com/quotes/about/customers-overseas-4804366/) [Facility](https://sms4smile.com/quotes/about/facility/) [Geography](https://sms4smile.com/quotes/about/geography/) [Industry](https://sms4smile.com/quotes/about/industry/) [Industry Needs](https://sms4smile.com/quotes/about/industry-needs-1797977/) [Needs](https://sms4smile.com/quotes/about/needs/) [Needs Consolidation](https://sms4smile.com/quotes/about/needs-consolidation-4804365/) [Overseas](https://sms4smile.com/quotes/about/overseas/) [Parting](https://sms4smile.com/quotes/about/parting/) [Parts Industry](https://sms4smile.com/quotes/about/parts-industry-4804364/) [Suppliers](https://sms4smile.com/quotes/about/suppliers/) [Time](https://sms4smile.com/quotes/about/time/) ## Related quotes > [If we truly want an innovative and creative renewable fuel industry, then it needs to be challenged. And if we create a set of…](https://sms4smile.com/quotes/tom-vilsack/if-we-truly-want-an-innovative-and-creative-renewable-fuel-industry/) [Tom Vilsack](https://sms4smile.com/quotes/author/tom-vilsack/) > [Every single country that has an auto industry is stepping forward to help that auto industry. Why wouldn't we help this industry too, because…](https://sms4smile.com/quotes/jennifer-granholm/every-single-country-that-has-an-auto-industry-is-stepping-forward-to/) [Jennifer Granholm](https://sms4smile.com/quotes/author/jennifer-granholm/) > [The advertising industry needs to keep evolving.](https://sms4smile.com/quotes/steve-stoute/the-advertising-industry-needs-to-keep-evolving/) [Steve Stoute](https://sms4smile.com/quotes/author/steve-stoute/) > [The industry needs transforming. It’s for others to decide whether they want to get stuck in the past or whether they want to come…](https://sms4smile.com/quotes/lucian/the-industry-needs-transforming-it-s-for-others-to-decide-whether/) [Lucian](https://sms4smile.com/quotes/author/lucian/) > [The fashion industry needs to breed a whole different way of thinking. We need more diverse people working in all facets of the industry.](https://sms4smile.com/quotes/edward-enninful/the-fashion-industry-needs-to-breed-a-whole-different-way-of-thinking/) [Edward Enninful](https://sms4smile.com/quotes/author/edward-enninful/) > [The film industry needs to confront the physical footprint of the way films get made.](https://sms4smile.com/quotes/edward-norton/the-film-industry-needs-to-confront-the-physical-footprint-of-the-way/) [Edward Norton](https://sms4smile.com/quotes/author/edward-norton/) > [The high-tech industry needs the immigration of highly qualified labor, from India, from China, from everywhere.](https://sms4smile.com/quotes/nicholas-bloom/the-high-tech-industry-needs-the-immigration-of-highly-qualified/) [Nicholas Bloom](https://sms4smile.com/quotes/author/nicholas-bloom/) > [Society has a hyper emphasis on thin, and that trend comes from the consumers - it does not come from the fashion industry. The…](https://sms4smile.com/quotes/kelly-cutrone/society-has-a-hyper-emphasis-on-thin-and-that-trend-comes-from-the/) [Kelly Cutrone](https://sms4smile.com/quotes/author/kelly-cutrone/) > [The music industry needs a TV outlet for hip-hop fans and artists.](https://sms4smile.com/quotes/ghostface-killah/the-music-industry-needs-a-tv-outlet-for-hip-hop-fans-and-artists/) [Ghostface Killah](https://sms4smile.com/quotes/author/ghostface-killah/) > [Fashion is such an octopus. You're connected to so many people: suppliers, pattern makers, production teams, marketing teams, vendors.](https://sms4smile.com/quotes/raf-simons/fashion-is-such-an-octopus-you-re-connected-to-so-many-people/) [Raf Simons](https://sms4smile.com/quotes/author/raf-simons/) > [Management has to provide the coordinating mechanism between what the supplier provides and what the user needs in not-good-enough situations where product architecture is…](https://sms4smile.com/quotes/clayton-christensen/management-has-to-provide-the-coordinating-mechanism-between-what-the/) [Clayton Christensen](https://sms4smile.com/quotes/author/clayton-christensen/) > [To generate any appreciable degree of long-term affluence requires scrupulous honesty and the willingness to honor long-term agreements with employers, suppliers, partners, and especially…](https://sms4smile.com/quotes/robert-sheaffer/to-generate-any-appreciable-degree-of-long-term-affluence-requires/) [Robert Sheaffer](https://sms4smile.com/quotes/author/robert-sheaffer/) > [The act of eating is very political. You buy from the right people, you support the right network of farmers and suppliers who care…](https://sms4smile.com/quotes/alice-waters/the-act-of-eating-is-very-political-you-buy-from-the-right-people-you/) [Alice Waters](https://sms4smile.com/quotes/author/alice-waters/) > [So much business is based on the belief that we should do whatever we can within legal limits to make as much money as…](https://sms4smile.com/quotes/jerry-greenfield/so-much-business-is-based-on-the-belief-that-we-should-do-whatever-we/) [Jerry Greenfield](https://sms4smile.com/quotes/author/jerry-greenfield/) > [In a very real sense, there are only two roles in organisations: customers and suppliers. Everybody functions simultaneously in both roles, whether inside or…](https://sms4smile.com/quotes/stephen-covey/in-a-very-real-sense-there-are-only-two-roles-in-organisations/) [Stephen Covey](https://sms4smile.com/quotes/author/stephen-covey/) ## More by Wilbur Ross > [The E.U., China, and Japan all talk free trade, and they all practice protectionism.](https://sms4smile.com/quotes/wilbur-ross/the-e-u-china-and-japan-all-talk-free-trade-and-they-all-practice/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [There's trade, there's sensible trade, and there's dumb trade.](https://sms4smile.com/quotes/wilbur-ross/there-s-trade-there-s-sensible-trade-and-there-s-dumb-trade/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We're in a trade war. We've been in a trade war for decades. That's why we have the deficit.](https://sms4smile.com/quotes/wilbur-ross/we-re-in-a-trade-war-we-ve-been-in-a-trade-war-for-decades-that-s-why/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Everybody talks about tariffs as the first thing. Tariffs are the last thing. Tariffs are part of the negotiation. The real trick is going…](https://sms4smile.com/quotes/wilbur-ross/everybody-talks-about-tariffs-as-the-first-thing-tariffs-are-the-last/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We'll be aggressive on trade because we know that deals that have been made historically have resulted in the great loss of manufacturing jobs,…](https://sms4smile.com/quotes/wilbur-ross/we-ll-be-aggressive-on-trade-because-we-know-that-deals-that-have/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [If people know you have the big bazooka, you probably don't have to use it.](https://sms4smile.com/quotes/wilbur-ross/if-people-know-you-have-the-big-bazooka-you-probably-don-t-have-to/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [The United States is the least protectionist country in the world but has the largest trade deficit, while other countries are highly protectionist and…](https://sms4smile.com/quotes/wilbur-ross/the-united-states-is-the-least-protectionist-country-in-the-world-but/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.](https://sms4smile.com/quotes/wilbur-ross/banking-i-would-argue-is-the-most-heavily-regulated-industry-in-the/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Barring some national security concern, I see no valid reason to keep peer-reviewed research from the public. To be clear, by 'peer review,' I…](https://sms4smile.com/quotes/wilbur-ross/barring-some-national-security-concern-i-see-no-valid-reason-to-keep/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [China is the most protectionist country of the very large countries. They talk more about free trade than they actually practice.](https://sms4smile.com/quotes/wilbur-ross/china-is-the-most-protectionist-country-of-the-very-large-countries/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I believe in the two-party system.](https://sms4smile.com/quotes/wilbur-ross/i-believe-in-the-two-party-system/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.](https://sms4smile.com/quotes/wilbur-ross/ships-are-a-strange-kind-of-commodity-because-they-re-very-lumpy-very/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [We think, over the long term, the real key to value of a bank is does it have true deposits from true long-term customers?…](https://sms4smile.com/quotes/wilbur-ross/we-think-over-the-long-term-the-real-key-to-value-of-a-bank-is-does/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I'm a very big proponent of cloud. We've used it a lot in private sector, and as far as we can tell, it is…](https://sms4smile.com/quotes/wilbur-ross/i-m-a-very-big-proponent-of-cloud-we-ve-used-it-a-lot-in-private/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [I think partly the decline in the peso was due to worry about renegotiation of NAFTA, but I think we also need to think…](https://sms4smile.com/quotes/wilbur-ross/i-think-partly-the-decline-in-the-peso-was-due-to-worry-about/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) [Explore all 73 Wilbur Ross quotes ](https://sms4smile.com/quotes/author/wilbur-ross/) ## More Consolidation quotes > [The effect of the discovery of printing was evident in the savage religious wars of the sixteenth and seventeenth centuries. Application of power to…](https://sms4smile.com/quotes/harold-innis/the-effect-of-the-discovery-of-printing-was-evident-in-the-savage/) [Harold Innis](https://sms4smile.com/quotes/author/harold-innis/) > [“consolidation, coupled with a desire among the survivors to restore normal profit levels, helps to usher in an era of orderly competition based on…](https://sms4smile.com/quotes/greg-thain/consolidation-coupled-with-a-desire-among-the-survivors-to-restore/) [Greg Thain](https://sms4smile.com/quotes/author/greg-thain/) > [Every industry, as it comes to a certain level of maturity, there is consolidation. In that consolidation, some fall, but the men will always…](https://sms4smile.com/quotes/arundhati-bhattacharya/every-industry-as-it-comes-to-a-certain-level-of-maturity-there-is/) [Arundhati Bhattacharya](https://sms4smile.com/quotes/author/arundhati-bhattacharya/) > [But as the plan of the convention aims only at a partial union or consolidation, the State governments would clearly retain all the rights…](https://sms4smile.com/quotes/alexander-hamilton/but-as-the-plan-of-the-convention-aims-only-at-a-partial-union-or/) [Alexander Hamilton](https://sms4smile.com/quotes/author/alexander-hamilton/) > [Consolidation in the skiing equipment industry cannot be allowed to lead to higher prices, lower quality or less innovative products,](https://sms4smile.com/quotes/neelie-kroes/consolidation-in-the-skiing-equipment-industry-cannot-be-allowed-to/) [Neelie Kroes](https://sms4smile.com/quotes/author/neelie-kroes/) > [With autonomous cars, you're gonna see more consolidation. Once we have transport modules, you order off the phone and brands won't matter anymore. When…](https://sms4smile.com/quotes/bob-lutz/with-autonomous-cars-you-re-gonna-see-more-consolidation-once-we-have/) [Bob Lutz](https://sms4smile.com/quotes/author/bob-lutz/) > [When we feel an obligation to test the things we say and to find the boundaries within which what we say has validity, then…](https://sms4smile.com/quotes/rudolf-steiner/when-we-feel-an-obligation-to-test-the-things-we-say-and-to-find-the/) [Rudolf Steiner](https://sms4smile.com/quotes/author/rudolf-steiner/) > [I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still…](https://sms4smile.com/quotes/john-kenneth-galbraith/i-talked-about-the-consolidation-of-power-in-the-hands-of-the/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Just as important as getting enough sleep is thinking about sleep in the right way. Stop thinking of sleep and naps as “downtime” or…](https://sms4smile.com/quotes/richard-restak/just-as-important-as-getting-enough-sleep-is-thinking-about-sleep-in/) [Richard Restak](https://sms4smile.com/quotes/author/richard-restak/) > [Economic globalization creates wealth, but only for the elite who benefit from the surge of consolidations, mergers, global scale technology, and financial activity.](https://sms4smile.com/quotes/anita-roddick/economic-globalization-creates-wealth-but-only-for-the-elite-who/) [Anita Roddick](https://sms4smile.com/quotes/author/anita-roddick/) > [Colombians! My last wish is for the happiness of the patria. If my death contributes to the end of partisanship and the consolidation of…](https://sms4smile.com/quotes/simon-bolivar/colombians-my-last-wish-is-for-the-happiness-of-the-patria-if-my/) [Simon Bolivar](https://sms4smile.com/quotes/author/simon-bolivar/) > [We have believed at CA that consolidation of this industry is something that was required ten years ago.](https://sms4smile.com/quotes/sanjay-kumar/we-have-believed-at-ca-that-consolidation-of-this-industry-is/) [Sanjay Kumar](https://sms4smile.com/quotes/author/sanjay-kumar/) > [There has to be a period of consolidation in the IT industry. Similarly in pharma, I think India is going to be a world…](https://sms4smile.com/quotes/rakesh-jhunjhunwala/there-has-to-be-a-period-of-consolidation-in-the-it-industry/) [Rakesh Jhunjhunwala](https://sms4smile.com/quotes/author/rakesh-jhunjhunwala/) > [History shows fans want consolidation; you see it across the web every place. The big players are people like Google, Amazon, eBay, Facebook.](https://sms4smile.com/quotes/irving-azoff/history-shows-fans-want-consolidation-you-see-it-across-the-web-every/) [Irving Azoff](https://sms4smile.com/quotes/author/irving-azoff/) > [If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers.…](https://sms4smile.com/quotes/ro-khanna/if-you-look-across-the-economy-if-you-have-multiple-players-in-an/) [Ro Khanna](https://sms4smile.com/quotes/author/ro-khanna/) [Browse all 84 Consolidation quotes ](https://sms4smile.com/quotes/about/consolidation/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There is a future for the auto parts industry, but it needs a consolidation and a rationalization of geography in that most suppliers have facilities in the U.S., although most of their customers are overseas.", "creator": { "@type": "Person", "name": "Wilbur Ross" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/wilbur-ross/there-is-a-future-for-the-auto-parts-industry-but-it-needs-a/", "about": { "@type": "Thing", "name": "Consolidation" }, "@id": "https://sms4smile.com/quotes/wilbur-ross/there-is-a-future-for-the-auto-parts-industry-but-it-needs-a/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg", "contentUrl": "https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg", "url": "https://sms4smile.com/quotes/i/8d3/wilbur-ross-9357_consolidation_there-is-a-future-for-the-auto-parts-ind_3007503.jpg", "width": 1080, "height": 1080, "caption": "“There is a future for the auto parts industry, but it needs a consolidation and a rationalization of…” — Wilbur Ross", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Wilbur Ross", "item": "https://sms4smile.com/quotes/author/wilbur-ross/" }, { "@type": "ListItem", "position": 4, "name": "There is a future for the...", "item": "https://sms4smile.com/quotes/wilbur-ross/there-is-a-future-for-the-auto-parts-industry-but-it-needs-a/" } ], "@id": "https://sms4smile.com/quotes/wilbur-ross/there-is-a-future-for-the-auto-parts-industry-but-it-needs-a/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```