The National Association of Automotive Component and Allied Manufacturers (NAACAM), in partnership with the International Finance Corporation (IFC), has launched and demonstrated the Localisation Optimisation Opportunity Platform (LOOP), a ‘matchmaking’ platform developed by the two entities to meet the procurement needs of original-equipment manufacturers (OEMs) and tier-one component suppliers. Through the platform, OEMs and tier-one suppliers can be matched with the capabilities of lower-tier, emerging suppliers in an effort to drive localisation.
