Transportation plays a big role in in how people live their lives. Progress and development hinge in part on transportation. Just imagine if the Wright Brother’s did not invent the airplane, travel to other countries will require spending tedious and long hours on a boat in the middle of the turbulent ocean. Transportation is crucial because it paves the way for growth and exchange. Because of international shipping lines and airfreight services, the world is now a global village because collaboration between various businesses around the world is made possible and a lot more feasible with transportation. Take a look at the top ten trends and interesting statistics in the transportation industry for 2020:
The Buzz About Transportation Digitalization
This word Digitalization is not really a new trend because it has been a buzz word for several years now. But the thing is, digitalization continues to progress each year. Transportation business processes from administration, contracting, production, and other operations continue to digitally evolve. Studies indicate the more than half of transportation companies expect that digitalization will improve their profitability. By redesigning services and modifying products, companies are able to produce better vehicles, air crafts, and ships. On top of that, simplifying processes and tapping into new talents that have been educated with the latest engineering concepts help in boosting the transportation industry. Digitalization has forever been present since the time Henry Ford crafted the first model T Ford car that made travel faster, saving time, effort, and money. Digitalization will always be a trend in the transportation industry year after year.
Begin Reliance on Data Analytics
Professionals that belong to the transportation supply chain rely on data analytics to examine, analyze, and interpret consumer trends. Studying the data ensures that they are able to make informed choices so that making decisions about issues like the risk and costs of tariffs, suppliers to get, manufacturing issues, and logistical requirements are grounded on facts and not conjectures. These details help transportation companies make better decisions, and it helps them craft strategies, so they can tap more clients and improve their product base.
Persistent Shifts in International Trade
International trade has never been flat and one dimensional. It is multi dimensional and rests on many outside factors. In the transportation industry, the persistent shifts in international trade have the capacity to influence local markets, such as what products will be imported, what will be sellable, and what needs more marketing work. For instance, China’s One Belt One Road (OBOR) trade project show them investing in Africa and the Middle East. They have been known to invest on projects like roads, rail lines, ports, and bridges. Just as the US’s influence is beginning to wane, China’s economic expansion with the developing of trade routes show the country’s might and influence. These massive shifts have impacted the transportation industry, with many manufacturers choosing to focus their attention on the developing countries backed by the China,
If there’s one thing anyone cannot predict nor stop, it is natural disasters. Through out the world, countries have been suffering immensely from natural disasters they have no control of. Hurricanes in the United States, massive earthquakes in Japan, or tsunamis ni Indonesia have impacted transportation infrastructure, which these countries are having difficulty recovering from. As a result, there has been a wane in transportation production in these affected areas because they are more focused on recovery. These areas that have undergone a recent natural disaster are considered as huge financial risks.
With the pressing issues of global warming and climate change that has impacted all the nations around the globe, people have become more environmentally aware. In fact, people are now known to take the environment as a consideration in their transportation decisions. Electric cars that are seen as better for the environment because they emit less carbon emissions and consume lesser fossil fuels have increased in sales. People have also made conscious efforts to lessen their carbon footprint by choosing to carpool or take public transport. Wanting to do their part for dear mother earth has had many people resort to walking, ride-sharing, taking their bikes, and the like to work, school, or other areas.
Telecommuting and Working from Anywhere
Thanks to technological advancements, anyone can work from home or any part of the world. Computers and the Internet have made it possible for people from different parts of the globe to interact and engage in business. Being able to connect with digital resources and access work from anywhere is now a trend in the new generation. As a result, majority of people who engage in this nomadic lifestyle have no need for their own personal transportation. In some areas, there has been a drop in sales because people who can telecommute to work no longer need them. With apps like Uber and Lyft, owning their own car is no longer a priority. On top of that, using the ride sharing option gives people a chance to socialize in what would have been a long and boring commute.
Software Driven Changes
The improvement of software has affected a lot of things in the transportation industry. Apps like Uber and Lyft make it possible for people to hire cars easily, so they can dispense with the hassle of owning and maintaining one. On top of that, there are apps for private jets like JetSmarter, which is considered as the Uber for private flying. Apps have made it easy for people to book flights, bus tickets, and boat trips. Checking of schedules can also be done with these various software. Aside from that, automobile software built into the vehicles have also evolved. Now, there are many options built into the vehicle for the protection of the driver and occupants. Examples are road collision sensors, built-in GPS which can be optimally used with the app Waze, parking navigator, and the like.
Transportation has always been built with safety as the number one priority. After all, these modes of transports are mere machines, which can fail from time to time. Aside from human error, things from within the machines itself can fall apart causing accidents that result in injury or fatality For boats, airplanes, buses, and trains, there are standards in place for these public transport services to be given accreditation and the necessary permits. Because they are tasked to carry thousands of passengers, transportation laws impose heavy penalties on operators who are non compliant. Manufacturers are always hard at work in delivering quality products and improving their technology.
Even for private cars, maintenance and compliance with certain regulations are required. Because of the importance of safety, car manufacturers are working double time to improve their products. Modern cars have many features that keep the occupants safety. Aside from the standard seat belts and airbags, there are now high speed alerts, temperature check, remote start for climate control, pedestrian and bike detection, hill start and hill descent assist, back up cameras, blind spot monitors, push start button, anti lock braking system, and many more. As the saying goes, safety first. The safety of all human beings is the number one consideration in the transportation industry because the goal is the safe transport of people from point a to point b.
Next Generation GPS Services
GPS systems are not really a new innovation because they have been present and functional for quite a few years now. However, the old GPS system cannot hold a candle to the new and modern GPS devices that add functionality through its many updated features. In the past, GPS services for many transport systems were very limited. They could only calculate mileage, give an estimated time of arrival, and point to the right direction. The new GPS models offer so much more versatility. Aside from the basic old functions, they can make adjustments for your trip by factoring in weather conditions, traffic reports, and road conditions on the chosen route. This truly high tech capabilities are only made possible with the advancements in technology. In terms of the aviation, locomotive, and shipping industries, the GPS system has allowed for each trip to be a lot more safer and precise in terms of calculating arrival dates. Some of these transport schedules can be tapped and accessed with a mobile device, which practically everyone carries in their pockets.
Machine Driven Process Changes
Airplanes and boats have long been able to cruise on auto-pilot mode. In this modern world, aside from the prominence of smart cars that offer a compact size, good fuel efficiency, and high safety rates for the occupants, there have been discussions about automated cars or driver-less vehicles. This has been a major project for the car industry. Self-driving automobiles are already here and are consistently being tested to make them market ready. Developers and manufacturers remain very optimistic about the progress, development, and growth of fully autonomous vehicles. After all, if things progress the way that they do, these cars will be the ones running in the future.
There are many other trends in the transportation industry that have a great impact on consumers world wide. After all, this industry is massive, with manufacturing plants in different countries around the world. There are many factors that can influence the global supply chain of transportation. Being aware of existing trends is helpful for the manufacturers and dealers, so they can make proper marketing strategies and forecasts. As for the consumers, it is also vital that they become aware of the existing trends and statistics because as the wise old adage goes, knowledge is power. Keep safe, keep smart, and keep informed no matter what transportation you are riding.