We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • Upload your video
  • BLOGS & MORE
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • SCQ Forum
      • Reflections
    • Mobile Apps
Home » Geopolitics, technological innovation top global transport industry concerns
Forward Thinking

Geopolitics, technological innovation top global transport industry concerns

November 5, 2018
Supply Chain Quarterly Staff
No Comments

Geopolitical risk and technological innovation top the list of issues concerning companies in the global transport business, according to a study from The International Road Transport Union (IRU) released today.

The IRU's Global Snapshot study, which surveyed 450 transport companies across Europe, the Gulf Cooperative Council and Asia, showed that most companies cite geopolitical uncertainty as the greatest threat to their development and say that technological innovation is vital to overcoming that and other industry challenges.

More than half of the companies IRU surveyed (57 percent) said geopolitical uncertainty is the biggest factor facing the sector, including escalating international trade wars and growing concerns about Brexit. More than half of companies also listed the risk of global recession and the challenge of keeping up with changing customer demand as the second biggest threats to transport companies (52 percent), according to the report.

Most transport companies say innovation and automation will help transform the industry by helping to boost productivity and reduce costs, according to the survey. More than three-quarters of those surveyed (76 percent) said they expect autonomous trucks to be a viable option within the next decade, and nearly a third of those (29 percent) said such vehicles will become a reality in the next five years.

The study also showed that barriers to adopting technology persist, including cost and investment, along with companies' limited understanding of the range of emerging technologies available.

"This suggests that pockets of the industry have yet to embrace new technologies and processes, and that there is still work to do to fix the digital foundations of the industry before technology-driven innovation can be optimized properly," the study's authors said in a statement announcing the results.

  • Related Articles

    Survey: Cost, IT, strategy, transportation are top concerns for supply chain managers

    Global transport will find it hard to cut carbon emissions, report finds

    MIT Logistics Center adds China to its global innovation network

Recent Articles by Supply Chain Quarterly Staff

Reports: Outlook calls for stronger supply chains

Gartner: 4 ways to compete with industry disruptors

Survey reveals there’s plenty of room for improvement in e-commerce fulfillment

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Will this be the decade of supply chain sustainability?

  • The 3PL industry: time to reset

  • The four characteristics of a customer-centric supply chain

  • Five principles for creating a supply chain foreign exchange risk mitigation strategy

  • Supply chain resiliency starts with supplier mapping

Featured Video

Be8de8b1 9bd3 48d6 9400 0bf476fd1f5d

Optimization Through Lean Management 

Viewer Contributed
Uncertain times can put a tremendous strain on your business’s people, processes and supply chains. However, operations can mitigate some of these factors by adopting lean management principles and instilling a culture of continuous improvement. Raymond Lean Management Manager of Solutions and Support Centers Keith...

FEATURED WHITE PAPERS

  • The Top Supply Chain Pains That You Should Address For a Healthier 2021

  • Research Report: New Rules for Supply Chain Insights, Collaboration and Overall Resiliency

  • Logistics 2030 – Navigating a Disruptive Decade (Year 2 Report)

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing