This “digitized trucking,” and the logistics industry of which it is a part, is still at least a decade in the future, but parts of it are already being put in place — thanks largely to two major global trends that are transforming the trucking industry. First, efforts on the part of regulators around the world to manage climate change and to save energy and resources are forcing the industry to develop cleaner, more efficient trucks and optimize the use of heavy vehicles. Second, social and cultural changes are opening up new markets and increasing expectations for the efficiencies to be gained through autonomous vehicles and the digitized supply chain.
The effect of these trends isn’t just a matter of how trucks move down the highway, or how the global supply chain is managed. Rather, digitized trucking will transform how virtually every stakeholder in these linked businesses — original equipment manufacturers (OEMs), logistics companies, warehouses, and local delivery businesses — will operate. Some stakeholders will see a wide range of new business models open up, while others will likely struggle as their roles in the logistics chain are diminished.
And in the longer term, the trucking business will likely divide into two distinct markets. Emissions regulations, increased competition, big strides in connectivity, and coming disruptions in the entire logistics chain will primarily affect developed economies. In emerging markets, the issues will involve the need for more reliable and economical trucks, a growing interest in regulating emissions, and strong overall growth prospects, but not necessarily the development of digitized solutions. These distinctions will likely last into the foreseeable future.
In this report we focus on developed markets: how the forces behind the transformation of trucking will develop, and what that means for OEMs, trucking companies, and other logistics providers in the long run.