Victoria HayesChief Strategy Officer · Essays & perspective

Victoria Hayes / Chief Strategy Officer

Three arguments about capital a supplier cannot take back

Perspectives from a life in leadership.

The archive.

Programme awards and capacity

  1. Programme awards and capacity5 min read

    A programme award is the customer's forecast, not our order book

    Suppliers to vehicle makers build plants against volumes their customers estimate but never promise. The electric-vehicle slowdown showed what that habit costs. A supplier's board should approve the shortfall terms before it approves the building.

    Open essay

Tariffs and North American footprint

  1. Tariffs and North American footprint5 min read

    Build the footprint for the tariff after next

    The 2025 tariff changes pushed many suppliers to announce plant moves from Mexico to the United States. A plant lasts twenty years; a tariff schedule may not last two. Prove where your content comes from first, and move capacity only where several trade regimes point the same way.

    Open essay

Portfolio and divestiture

  1. Portfolio and divestiture5 min read

    Harvesting a legacy business is a sale you have not priced

    Suppliers with combustion-engine product lines often choose to run them for cash rather than sell them. The run-off case usually assumes costs will fall as fast as volume, which they rarely do, and a better owner is usually available while the business still has a future.

    Open essay