Xometry, Inc. Press Release Highlights Shift Towards North American Suppliers
On February 6, 2025, Xometry, Inc. (NASDAQ: XMTR) announced significant findings from the second-annual “Driving Progress: The 2025 Automotive Manufacturing Survey.” The results reveal a pivotal shift among automotive executives towards bolstering supply chains by increasingly relying on North American suppliers. This trend is expected to reshape the landscape of the automotive manufacturing sector in the coming years.
1. Key Findings from the Survey
The survey, which canvassed U.S. automotive executives, highlights that nearly 85% of respondents plan to depend more heavily on local suppliers by 2025. This strategic pivot is aimed at enhancing the resilience and efficiency of supply chains amid ongoing global uncertainties. Additionally, the survey indicates that 41% of these executives are considering reshoring some operations back to North America.
Investment in Advanced Technologies
The commitment to local supply chains comes alongside significant investments in technology. Executives reported a nearly equal distribution of investments across various automotive technologies: 37% in hybrid, 30% in traditional combustible engines, and 28% in electric vehicles (EVs). Furthermore, advancements in manufacturing techniques, specifically 3D printing and robotics, are being embraced to foster innovation across all vehicle types.
Notably, developments in EV battery production (41%) and alternative fuel sources (37%) emerged as the top priorities for executives looking to drive industry innovation. The influence of artificial intelligence (AI) is also noteworthy, with 30% of respondents indicating that AI technology will be instrumental in accelerating product development and enhancing supply chain efficiencies.
2. Insights from Xometry's COO
Peter Goguen, Chief Operating Officer of Thomas and its parent company, Xometry, commented on the survey’s implications: “Auto industry executives throughout the U.S. are relying on suppliers closer to home while also reshoring some of their operations to accelerate their go-to-market strategies.” He emphasized that investments in AI, 3D printing, and robotics are pivotal for evolving vehicle technologies, spanning electric, hybrid, traditional combustion-engine, and autonomous vehicles.
3. Xometry's Role in the Evolving Landscape
Xometry, through its Thomas brand, stands out as a leader in product sourcing, supplier selection, and marketing solutions tailored for the industry. The company’s Thomasnet® industrial sourcing platform connects buyers and procurement professionals with over 500,000 North American manufacturers across 80,000 industrial categories, facilitating the onshoring objectives of many businesses in the sector.
Xometry’s Innovative Solutions
Xometry’s AI-powered marketplace and the Instant Quoting Engine® are revolutionizing the manufacturing industry by providing critical resources to manufacturers. The platform utilizes extensive data analysis to assess complex parts in real-time, ensuring accurate pricing and lead times while matching buyers with suitable suppliers globally.
4. Conclusion
The findings from Xometry’s survey underscore a transformative moment for the automotive industry as it pivots towards local sourcing and advanced technologies. With executives prioritizing North American suppliers, the focus on innovation and operational efficiency is set to shape the future of automotive manufacturing in 2025 and beyond. For further insights, readers can access the full “Driving Progress: 2025 Automotive Manufacturing Survey” here.
For media inquiries, please contact Matthew Hutchison at Matthew.Hutchison@xometry.com, or for investor relations, reach out to Shawn Milne at 240-335-8132 or Shawn.Milne@xometry.com.