2024: Sustainability Drives Fleet Management Shift
As we step into 2024, the global supply chain is poised for a significant shift towards sustainability, with fleet managers embracing new tools and technologies to drive this change. Mandatory sustainability reporting and evolving roles are set to shape the industry, while consolidation and technological challenges lie ahead.
The year 2024 marks a turning point for fleet managers, who will benefit from transitioning to electric vehicles (EVs), managing electrification, investing in charging infrastructure, and harnessing AI-powered predictive maintenance. This shift is driven by the EU's Corporate Sustainability Reporting Directive, making it mandatory for large companies to report their greenhouse gas emissions. Meanwhile, technology presents both opportunities and challenges, with advanced solutions like data analytics, AI, and automation becoming indispensable. The role of fleet managers is set to evolve significantly, influenced by centralization, emerging technologies, and data volume.
Consolidation within the supply chain is expected to continue in 2024, with companies exploring strategic mixes of automation, centralization, mergers and acquisitions (M&As), and organic expansion. The remarketing industry will face challenges in managing EV residual values and exploring digitization opportunities. Internationally, fleet managers in Latin America are expected to focus more on sustainability, influenced by the entry of lower-priced electric vehicle models.
In Germany, 2023 saw several Landesbausparkassen merge to consolidate risk-averse home savings and loan institutions, streamlining operations and reducing costs through unified IT systems. Additionally, Germany formed an industry-led consortium to build the world's first demonstration fusion power plant, aiming for sustainable, climate-friendly energy. Looking ahead to 2024, the car market is expected to continue the rollout of battery-powered models, with cost control and affordability being key factors.
In 2024, sustainability takes the driver's seat in fleet strategies, with managers embracing new tools and technologies to meet mandatory reporting standards. As roles evolve and consolidation continues, the industry faces both challenges and opportunities, setting the stage for a more sustainable future in global supply chains.
