Pirelli CEO Sees Strong Sales Recovery in China, U.S.

The video discusses the impact of global supply chain disruptions, particularly due to the Suez Canal blockage and container shortages. It highlights market conditions in China, the US, and Europe, noting strong demand in China and a recovering US market. The discussion covers pricing strategies amid rising input costs and low inventory levels. The automotive sector's shift towards electric vehicles (EVs) is explored, focusing on the technological demands for EV tires and potential M&A activities.

What are some of the current challenges businesses face with their supply chains?

• Increased demand for luxury goods

• Decline in online sales

• Shortage of shipping containers

• Excessive inventory levels

Which regions are showing strong market recovery according to the transcript?

• Europe and Africa

• China and the US

• South America and Australia

• Middle East and India

Why are businesses able to increase prices easily at the moment?

• High consumer savings

• Low stock levels among customers

• Government subsidies

• Decreased competition

What is the expected consumer attitude post-pandemic in China and the US?

• Negative and declining

• Positive and strong

• Indifferent and unchanged

• Cautious and reserved

What major shift is occurring in the automotive sector?

• Decline in vehicle sales

• Increased production of diesel vehicles

• Shift towards electric vehicles

• Focus on hybrid technology

What technological advancements are required for EV tires?

• Standardized for all vehicles

• Cheaper and less complex

• Lighter with better rolling resistance

• Heavier and more durable

What is the relationship between the company and Brembo regarding M&A?

• They see no synergies currently

• They are planning a merger

• They have a hostile relationship

• They are competitors