Schaeffler Group is a global integrated automotive and industrial supplier. Highest quality, outstanding technology, and strong innovative ability represent the basis for the Schaeffler Group’s lasting success. This global company generated sales of approximately 13.3 Billion Euros in 2016. With 22,000 customers and 85,000 employees worldwide, Schaeffler is one of the world’s largest family-owned companies. It currently has 170 locations in over 50 countries, its network is comprised of 75 manufacturing locations, research and development facilities, and sales companies. This German-based company has earned a reputation for being a leader in innovation. The Schaeffler Group has invested significant amounts in research and development, with 6,700 employees working on new products and technologies in 17 research and development centers all over the world. Schaeffler owns the rights to approximately 24,000 patents and files more than 2,300 inventions for patent applications every year. Schaeffler is continuously adopting leading-edge strategies to improve their supply chain management process. With the objective of delivering high quality products on-time and at reasonable costs, Schaeffler is committed to innovating new ways to be more flexible and adaptable to any real-time changes. It utilizes a myriad of social media strategies in many areas along the supply chain to improve productivity, design and customer engagement.
Social media continues to change the way we experience the world, especially the way we shop and interact with brands. What does the future hold for the world of social media shopping? Behold, The Internet of Things. The future of everything is directly tied to the Internet and how fast it connects to people, places, and things. What is the IoT? Well, put simply, it’s the ability of anything to be connected to the Internet such as coffee makers, fridges, a FitBit or products in a store. All you have to do is use your imagination to see what possibilities lay before us. The Internet is completely unfettered now. In the past, you had to be physically wired to a screen in a fixed location to access the net. The advent of mobile technology changed all that, and you can access the internet anywhere, anytime, with an array of devices large and small.