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Innovation Hour

Updated: Aug 12, 2022

Schaeffler launching supplier innovation think tank

As much as we all love competition, creative partnerships can also be important at fostering company growth. That's the idea behind the Schaeffler Supplier Innovation Hour, a global digital scouting event concept that offers current and prospective suppliers the opportunity to present ideas and new solutions directly to decision makers within Schaeffler, the German-based motion specialists (with U.S. HQ in Fort Mill, S.C.) debuting September 30.

"As leaders in shaping the future of mobility and motion, we understand the importance of cooperation with our customers, suppliers, partners, and society," the company said in a press release earlier this week. "Suppliers are a significant source of innovation for us. Therefore, we have launched the Schaeffler Supplier Innovation Hour series to turn outstanding ideas into winning products and solutions."

After an Innovation Hour with a broad range of topics in the beginning of 2022, the company will now host an Innovation Hour with specific focus. This incorporates company strategies towards climate neutrality and partnerships with automotive suppliers, with Schaeffler adding an emphasis on start-ups. "We would like to link our suppliers to start-ups in the field of sustainability. Therefore, we specifically invite start-ups, which can contribute to sustainability improvements at our automotive suppliers."

The Supplier Innovation Hour on September 30 is your door opener to present your innovation in a further step to suppliers during the Supplier Sustainability Innovations Automotive Europe Summit which will take place on October 10, 2022 on-site in Bühl (Germany).

Given the success of earlier editions, taking the opportunity to apply for this innovation forum might be a good idea for your business. "We invite you to submit your ideas, product innovations and process improvements that help our automotive suppliers to improve their sustainability activities," the release concludes.

On topics of innovation, we remain engaged at Electrical Apparatus, as well. Look for our innovation-themed September issue coming next month!

Schaeffler's Automotive Technologies division's global headquarters in Bühl, Germany.—Schaeffler AG photo

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