Refinitiv & Chevy Connecting Rods: Powering Performance with Data-Driven Insights

New York, NY – October 26, 2023 – Refinitiv, a leading global provider of financial markets data and infrastructure, today highlighted a surprising, yet powerful connection between its data solutions and the performance of Chevy connecting rods – vital components in engines powering everything from everyday drivers to high-performance vehicles. While seemingly unrelated, the story illustrates how Refinitiv's robust data analytics are increasingly influencing even traditionally “hardware” industries. You might be thinking, “What does financial data have to do with car parts?” Turns out, quite a lot. Refinitiv isn't making the connecting rods, but they're helping Chevy – and their suppliers – make better ones. Refinitiv: The Data Backbone for Modern Manufacturing For those unfamiliar, Refinitiv (located at 28 Liberty St Fl 58, New York, NY, 10005-1457, and reachable at 770-964-6545) is essentially the information highway for the financial world. We collect, analyze, and distribute massive amounts of data – stock prices, economic indicators, commodity prices, news feeds, you name it. But we’ve expanded. Now, companies across industries are realizing the value of this data in optimizing their operations, predicting trends, and mitigating risks – and the automotive sector is a big adopter. Connecting Rods & the Supply Chain Puzzle Chevy connecting rods, those critical links between the piston and crankshaft, are complex components with a global supply chain. Getting these parts right – the right materials, precise manufacturing, and timely delivery – is essential. A single faulty connecting rod can bring an engine – and a vehicle – to a standstill. This is where Refinitiv comes in. We help Chevy (and companies like them) navigate that complex supply chain. Think about it: Raw Material Sourcing: The steel used in those connecting rods doesn’t just appear magically. Refinitiv tracks the prices of iron ore, vanadium, and other crucial alloying elements. This allows Chevy's suppliers to optimize their purchasing decisions, securing materials at the best possible cost – and predicting potential price fluctuations that could disrupt production. If we see a spike in vanadium prices coming, they can adjust their sourcing strategy. Supplier Risk Management: Chevy’s suppliers aren't all in one place. They’re scattered across the globe. Refinitiv’s data helps assess the risk associated with those suppliers – everything from financial stability and geopolitical events to natural disaster potential. Imagine a key supplier is located in a region prone to flooding. Refinitiv flags that risk, allowing Chevy to develop contingency plans – finding alternative suppliers or building up inventory. Logistics & Transportation: Getting those connecting rods from the factory to the assembly line is a logistical challenge. Refinitiv tracks shipping rates, port congestion, and even weather patterns. This allows Chevy to optimize its transportation routes and minimize delays. A sudden port strike? Refinitiv's data lets them reroute shipments quickly. Demand Forecasting: How many connecting rods will Chevy need next quarter? Refinitiv’s data on vehicle sales, consumer confidence, and economic forecasts help predict demand accurately. This prevents overstocking (which ties up capital) and understocking (which disrupts production). Quality Control & Traceability: Refinitiv’s blockchain solutions are increasingly being used to track the entire lifecycle of components like connecting rods - from raw material sourcing to final assembly. This ensures authenticity, prevents counterfeiting, and facilitates rapid recall management if necessary. Beyond the Basics: Predictive Maintenance & Performance Optimization But it doesn’t stop at just getting the parts made and delivered. Refinitiv's data is also driving innovation in areas like predictive maintenance. Think about it: Engines generate a lot of data. Sensors monitor everything from oil pressure and temperature to vibration and exhaust emissions. Refinitiv is working with automotive companies to analyze this data in real-time. By identifying subtle anomalies, we can predict when a connecting rod (or any other critical component) is likely to fail before it actually does. This allows for proactive maintenance, minimizing downtime and preventing costly repairs. It’s a game-changer for fleet operators and individual drivers alike. Furthermore, data insights are informing the design of future connecting rods. By analyzing performance data from millions of engines, engineers can identify areas for improvement – optimizing the rod’s shape, material composition, and manufacturing process to enhance durability and performance. The "Smart" Connecting Rod The future is heading toward what we call the “smart” connecting rod. Imagine a connecting rod embedded with sensors that continuously monitor its own health – stress levels, temperature, vibration. This data is fed back to a central system, where it’s analyzed by Refinitiv’s algorithms. This creates a closed-loop system that allows for continuous optimization and preventative maintenance. It’s a bit like having a built-in diagnostic tool for every engine. Refinitiv: Powering the Future of Automotive “People think of us as a financial data company,” says Sarah Chen, Head of Industrial Data Solutions at Refinitiv. “But the reality is, data is data. The same principles that apply to financial markets – risk management, supply chain optimization, predictive analytics – are equally relevant to manufacturing, automotive, and countless other industries.” The connection between Refinitiv and Chevy connecting rods might seem unexpected, but it’s a powerful illustration of how data is transforming the world around us. We're not just providing information; we’re empowering companies to build better products, operate more efficiently, and drive innovation. And that, at the end of the day, is what we’re all about. Contact: Michael Davis Public Relations Refinitiv US LLC [email protected] 770-964-6545