Montreux

Community, innovation and entrepreneurship celebrated at 3rd Nexus Business Forum

CEO Gael Escribe addresses the 350 delegates from 62 countries who attended the 3rd NEXUS Business Forum in Montreux, Switzerland.

CEO Gael Escribe addresses the 350 delegates from 62 countries who attended the 3rd NEXUS Business Forum in Montreux, Switzerland.

Community, innovation and entrepreneurship were celebrated at the 3rd annual NEXUS Business Forum which saw leaders from the global automotive aftermarket gather to discuss key issues facing the industry.

The three-day ‘summit’, hosted in Montreux, Switzerland, by the global alliance NEXUS Automotive International (N!), attracted 350 participants from 62 countries.

As well as hearing from 15 experts who are leaders in their field, from manufacturers to e-commerce entrepreneurs, they took part in 4,360 speed business meetings between N! members and approved suppliers.

Welcoming delegates from as far as Brazil, the United States, China and Japan, NEXUS CEO Gael Escribe revealed the consolidated turnover of the N! membership had hit €12.8 billion - a huge increase on the €7.2 billion announced in 2016.

However, while N! would continue to grow, Gael said N! will further develop its role as ‘an independent aftermarket activist’ built around its core values of Community, Innovation and Entrepreneurship.

This had already begun with the evolution of the Business Forum into a ‘think tank’ event, as well as providing fantastic opportunities for participants to cement relationships and do business.

Gael said: “The automotive aftermarket is ever-changing and the only certain thing is there will be more consolidation. But we are not going to be passive observers. As a dynamic organisation, N! moves quickly, developing value-creating propositions for our members and suppliers but also responding to the fast-evolving market.”

Describing the N! Community of members and suppliers as ‘a platinum asset’, he pledged to continue to increase year-on-year the amount of business contracted between them.

The achievements of high performers within the N! Community were also recognised. The N! Member of the Year was autoparts distributor VIACAR, from Greece, for achieving 38% growth in the past year. The trophy was presented by Gael Escribe and N! board member Fergus Reid to Kostas Daskarolis, VicePresident of VIACAR.

The N! Supplier of the Year was Continental for its innovative five-year guarantee on aftermarket drive products. The award was presented by N! Chairman Akram Shahrour to Christian Pfiz, General Manager Export Sales Automotive Aftermarket ContiTech.

Three years intense geographic expansion closes with integration of Nordic Forum

"Its our ambition Montreux .... will be recognised around the globe as the leadership platform for the aftermarket," Gael Escribe, CEO NEXUS.

Three years of intense geographic expansion for NEXUS Automotive International (N!) are drawing to a close with top 10 European wholesaler group The Nordic Forum among the latest members to join.

The Nordic Forum was among six new members in December, bringing the total to a record 105, some 47 of which were recruited during 2016. The Nordic Forum consists of FTZ of Denmark, Inter-Team of Poland and Hellanor of Norway. As well as traditional wholesale, it is active in e-commerce through its companies Iparts and Ucando.

N! CEO Gael Escribe said: “It has been a truly amazing year, with powerful growth giving us a presence in 113 countries. Two new regional organisations were also created, NEXUS Automotive Algeria and NEXUS North America, and two additional ones, NEXUS Automotive Brazil and NEXUS Automotive Central Europe, are about to be launched.

"Our first three years were devoted to the development of the N! network and to a very intense geographic expansion, with the objective to be a growth accelerator for progressive companies in the automotive industryAt our 2017 N! Business Forum in Montreux new priorities will be disclosed for the next three years in direct response to what is a fast-evolving, ever more demanding and consolidated automotive aftermarket.

They will include education, which began with the launch of the N! Academy School aimed at helping managers within N! member companies to be much better prepared for future market trends. The first School took place in Geneva (28th Nov to 1st Dec) and saw purchasing managers from 60 companies from around the globe discussing and updating their knowledge on safety and environmental issues.

Hosted by the European Institute of Purchasing Management, it included presentations from six N! strategic suppliers - BOSCH, SKF, ZF/TRW, EXIDE, MANN+HUMMEL and VALEO. It also provided the opportunity for delegates to exchange best practice and further develop relationships between members and suppliers.

Gael said the 2017 N! Business Forum (21st to 23rd Feb) will be ‘even more original and interactive’ than the previous two, with leading experts discussing major industry topics and high level workshops providing greater involvement for delegates, as well as the normal speed-date business networking.

He concluded: “It is our ambition that Montreux, within three years, will be recognised around the globe as the leadership platform for the Automotive Aftermarket, a date on the calendar that our industry looks to for insight, innovation and inspiration.”

Nexus welcomes exciting new partner as it extends coverage in the Middle East

NEXUS Automotive International (N!) has significantly strengthened its presence in the Middle East, welcoming DYNATRADE AUTOMOTIVE GROUP as an exciting and important new partner.

Dynatrade, with its headquarters in Sharjah near Dubai, specialises in European, Korean, and Japanese car parts and is one of the fastest growing distributors in the region. 

Its addition as a member is a major step forward for N!, which has set growth in the Middle East as a top priority in 2016.

Saman Rashidi, N! Business Development Director, Middle East, said: “Dynatrade is a successful company and we are proud to welcome them into the Nexus community. The addition of such a dynamic, fast-growing group is a big step forward and, along with our other representation in the region, will see the regional footprint of N! coming firmly into shape.”

Dynatrade’s car parts division has rapidly emerged as the leading supplier of high quality aftermarket parts for European cars, carrying more than 35,000 line items in its fast-moving parts range.

Gael Escribe, Chief Executive of N!, said: “The integration of Dynatrade as a key partner is a major milestone for Nexus this year. The support of Dynatrade is timely as we look forward to our regional N! Connecting Day, which takes place in Dubai on 11th May.”

“This full day event will provide Nexus strategic suppliers active in the region and the local Nexus members with a fantastic opportunity to network and build business relations that will accelerate the pace of growth in this important, exciting and, for Nexus, developing part of the world.”

“It takes us significantly closer to the objective we announced just three weeks ago, at our Business Forum in Montreux, that Nexus will be a global and innovative leader achieving € 9 billion in consolidated sales by the end of the year.”