These are turbulent times. Upheaval, change and unprecedented circumstances were witnessed around the world. Whatever your field, you’ve probably noticed major changes in the way your industry works.
This is certainly true in the world of transportation.
In this article, we examine five key changes that the transportation industry has experienced or is likely to experience in recent years and years to come. Importantly, we also look at how they might affect you and your business, or at least the way you travel and commute.
Being aware of these five key changes can help you prepare. That may mean adjusting your budget, changing the way you drive, making changes to how you travel and commute, or exploring “greener” and more eco-friendly options.
Circumstances may not be in your control, but how you respond to them is. Check out these five key changes, be prepared to adapt, and not only will you survive the changes, you’ll learn to thrive in them.
MAJOR CHANGE 1: Green policies and incentives
The environment is one of the hottest current topics across a number of industries. More companies than ever are scrambling to address what experts are calling the “climate crisis.” This is evident not only in the economy, but also in national and international politics.
Examples include things like the introduction of the popular walk to work or bike to work programs aimed at reducing congestion and pollution on major roads and encouraging workers to improve their health.
More national or policy-wide examples include tax breaks and incentives for companies and individuals to buy only green cars – like electric or hybrid vehicles, which can then be written off as a legitimate expense.
Other widespread transport policies with an ecological focus include the construction of cycle paths and cycle routes, as well as congestion charges and tariffs aimed at reducing the use of non-essential transport – especially in areas with high pollution levels.
It is expected that in the future there will be even more “aggressive” or more proactive environmental policies affecting transport.
For all these reasons and more, when considering buying a car for your business, eco-friendly options stand the best chance of staying within your budget and standing the test of time.
KEY CHANGE 2: Automation
A key change that is expected to significantly impact the transportation industry in the near future is automation. Whether through the use of robots and AI in manufacturing, technology and administration or even through the use of self-driving cars and autonomous vehicles – traffic is becoming increasingly intelligent.
Digital elements have been integrated into almost all new means of transport and are used for more and more applications and tasks.
For example, many of us – and many companies – are already fully familiar with and dependent on GPS tracking, but in the future this could become more futuristic and less populated by physical humans. Managing a fleet of delivery drones or self-driving cars, for example, can reduce an entire work team to just one manager.
It may be years away, but it’s always worth exploring the small ways automation and artificial intelligence can help you, your mode of transport, or your transportation company to thrive.
It can be as simple as using software to log your business miles when you travel for work, to exploring fully automated delivery options and more.
KEY CHANGE 3: Borders & Tariffs
One of the most controversial recent changes in the transport industry has been the upheaval surrounding Brexit – ie the UK leaving the European Union. This could have a major impact on UK imports and exports and many are finding the changes difficult to understand.
Some key areas that will be affected are increased levels of bureaucracy and “bureaucracy”, potential shortages and delays in goods, higher prices due to increasing delivery difficulties, and contentious border issues – such as in the EU’s single market for goods).
Overall, it is expected that not only will Brexit affect transport in the years to come, but that several new border issues and tariffs may be imposed around the world.
The global market is more volatile and competitive than ever and the dramatic changes that are about to take place in the transportation industry are expected to reflect this.
MAJOR CHANGE 4: Faster Legislative Changes
Until recently, legislative change was often slow to be reviewed and even slower to come into force. But that’s starting to change.
Transportation industry experts agree that there will be wide-ranging reviews of certain policies, approaches, and laws in the years to come – and likely to come into force faster than ever.
Laws can change the way we drive, from rules governing the use of hands-free phones in cars, to raising road taxes that depend on the vehicle’s CO2 emissions (coming into effect in 2021), to the new rules motorists will face a fine and penalty points if caught filming video, taking photos or holding their device while driving.
Due to the rapidly changing nature of driving, transportation, and (particularly) their intersection with technology, laws and policies are expected to be reviewed and implemented faster than ever before.
Stay tuned to avoid being caught off guard by a rule you might not even know existed!
KEY CHANGE 5: Remote work
One of the biggest changes in the transportation industry is the increase in remote work.
But remote work is no longer just a response to national lockdowns or reducing travel during a global pandemic. It’s also a widespread change in the way we work and how companies choose to operate.
Teleworking can reduce congestion and pollution on national roads. It can save time and money on commutes and connect workers from around the world – regardless of their physical location. It’s a complex topic with pros and cons, but it’s inevitably becoming a major topic of conversation in the modern transportation industry.
Regardless of your background, you don’t need to be an expert on these topics, but if you have a proper awareness of these key issues affecting the transportation industry, you’ll be better prepared for the future!