The movement of people, goods and services is a major driver of economic growth and development of a region. Smart cities cannot be achieved without smart transport services. Smart transport relies on connected vehicles and fleet owners working with sustainability in mind. A well designed and efficiently managed transport network is a must for any country and sustainability is the vector to move smart cities and smart transportation.
The national and international transport and logistics markets are dynamic. And there is no more competitive. From intermodular, long-haulage transportation to short-term distribution and last mile, passenger transport and freight forwarding are facing far-reaching changes. Evolving B2C expectations have a direct impact on B2B realities. New technologies and new players in the market affect all types of transport and their business models.
In a research survey completed by Causeway Insights approx. 70% of transport & logistics companies interviewed expect that changes in key technologies will be disruptive to transportation industry.
Electric vehicles have improve in terms of profitability but much room for improvement still remains elsewhere in value proposition optimization. Although battery development is accelerating fast, there are still major challenges in bringing down unit costs, decrease TCO and improve infrastructure to equal that of traditional combustion engine vehicles. Luckily, major opportunities exist for OEMs and their suppliers to accelerating customer value and achieve broader customer adoption.