Transport & Logistics
Overview
The travel, transport and logistics sectors are undergoing profound change. Transformation is accelerating at pace, and in 10 years from now the landscape will look radically different. There are numerous contributing factors:
Competing crosscurrents of globalization and protectionism
An explosion of disposable income in many emerging markets
Major changes in the travel purchase behaviour of both consumers and businesses
Consolidation in many supplier markets such as airlines, hotels, public transport operators and freight forwarding
Rapid realignment of the travel distribution landscape
The rise of Big Data and its potential to reframe travel and transportation planning
Disruptive technologies such as personal device ubiquity, the Internet of Things (IoT), augmented reality (AR) and the “new mobility” of ride-sharing, autonomous vehicles, electrification and transport drones
The growing importance of environmental sustainability and an increasing attention to, and associated regulation of, factors contributing to climate change
The impact will be felt in all the travel, transport and logistics industries: airlines and airports, ferries, hospitality, travel and tourism, maritime, bus and rail, mobility, freight, ports, e-commerce supply chains, freight forwarding, warehousing and contract logistics — all the services that exist to connect the world by moving people and goods from one place to another and accommodating them on the way.
Industry leaders must plan for these significant macro challenges and for the specific, complex demands of their own domains. What will be the shape of travel and transport one decade from now? How will these trends transform the ability to make the world more connected for businesses and consumers? Who will the winners be, and how exactly will they prevail?