The "Hidden Capacity" of the Brazilian Automotive Industry: A Billion-Dollar Loss

The “Hidden Capacity” of the Brazilian Automotive Industry: A Billion-Dollar Loss

Written by Paulo Nogueira

Published on 05/07/2023 at 12:49

Divulgação: Engenharia de Comunicação

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Study Conducted by Startup Cogtive Reveals an Annual Waste of R$ 47 Billion in the Brazilian Automotive Industry

A new study launched by Cogtive, a Brazilian startup dedicated to developing technological solutions for the manufacturing industry, brings an alarming finding: the Brazilian automotive industry suffers an annual loss of R$ 47 billion, resulting from the neglect of its productive potential, a phenomenon known as “hidden capacity.”

This amount represents a considerable portion of Brazil’s total industrial losses, estimated at around R$ 500 billion per year. The figure is equivalent to a slice of 5% of the country’s Gross Domestic Product (GDP).

How Can Technology Uncover Hidden Capacity?

Cogtive, which utilizes artificial intelligence and the Internet of Things to optimize production processes in the industry, suggests that if this “hidden treasure” were properly utilized, productivity in the automotive sector could increase by up to 30%.

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Hidden Capacity in Other Sectors

In addition to the automotive industry, Cogtive’s research indicates that other industrial segments also face significant financial losses due to hidden capacity. The food and beverage sector tops the ranking, with an estimated loss of R$ 276 billion, followed by the pharmaceutical industry (R$ 45 billion), personal hygiene, perfumery, and cosmetics (R$ 36 billion), and finally, the paint and varnish industry (R$ 3 billion).

Based in Cubo, São Paulo, Cogtive won the Pitch LTNtech in 2022, a renowned competition for early-stage Latin American startups held in Michigan, United States.

The “Hidden Capacity” of the Brazilian Automotive Industry: A Billion-Dollar Loss

Study Conducted by Startup Cogtive Reveals an Annual Waste of R$ 47 Billion in the Brazilian Automotive Industry

How Can Technology Uncover Hidden Capacity?

Hidden Capacity in Other Sectors

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The “Hidden Capacity” of the Brazilian Automotive Industry: A Billion-Dollar Loss

Study Conducted by Startup Cogtive Reveals an Annual Waste of R$ 47 Billion in the Brazilian Automotive Industry

How Can Technology Uncover Hidden Capacity?

Hidden Capacity in Other Sectors

On the Greek island of Ithaca, archaeologists have found what may be a sanctuary dedicated to the legendary Odysseus, with inscriptions bearing his name and votive offerings that span from the Mycenaean to the Hellenistic era.

Scientists enter a narrow, flooded cave 500 meters deep and find giant dinosaur footprints on the ceiling measuring up to 1.25 meters, preserved in such a rare way that a new type of trace had to be created.

After two years of internal discussions, Paraguay has finally regulated the law that opens the country to foreign technology and service companies with tax incentives that promise to create thousands of jobs and change the economy.

Map reveals how the Earth may look in 250 million years: continents will reunite in the Last Pangaea, 92% of the planet could become uninhabitable for mammals, and Spain appears among the rare possible exceptions.

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