“First of all, thank you very much for your time, Mr. Mitropoulos. What is the situation in the South American automotive industry, and how has Chris Cintos de Segurança managed the difficult period during the pandemic?”
“Thank you for inviting Chris Cintos to participate in this SFS success story.
During the first few months of the pandemic the automotive industry suffered in South America, as it did all over the world. In Brazil, most OEMs halted production for approximately three months, but volumes bounced back surprisingly fast after that. Given Chris Cintos’ overall conservative business strategy, we were able to adapt rapidly to the new reality that the COVID-19 pandemic presented. Holding high stocks of raw materials and components was key to meeting customer demand. Partnership and constant communication with our suppliers, especially SFS, were essential in keeping the supply chain provisioned.
Uncertainty increased around the world, and emerging markets like Brazil suffered as investors opted to disinvest from the country, pushing down the currency. As a result we became even more competitive, thanks to our vertical integration and low exposure to imported raw materials and components. This presented us with an opportunity to increase our market share in South America and export record volumes abroad.”