In the face of geopolitical and economic uncertainty, technology-driven innovation will be key to meeting the challenges of tomorrow in the road transport sector, according to a survey published today by the world transport organization, IRU.
The global snapshot survey, which is based on interview data from 450 transport companies across Europe, the GCC, and Asia, reveals that most (57%) transport companies in Europe, Asia, and the Gulf Cooperation Council (GCC) view geopolitical uncertainty as the biggest threat to their development. (The GCC is made up of six states in the Persian Gulf, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates; transport companies from these countries, excluding Oman, were respondents to the IRU study.) Threats range from escalating international trade wars to growing concerns around Brexit. The risk of global recession and the challenge of keeping up with changing customer demand are jointly seen as the second biggest threats to transport companies at 52%.