In the very near term, Brexit is coming and it can be expected to have an impact in a number of ways, with many of the details still undetermined. The supply chain industry will need to innovate and adapt to the new post-Brexit environment.
As an industry, we have been around since the invention of the wheel but we are not immune from disruption. This includes disruption from new or existing players developing new ways of servicing customer needs. Service providers in our industry can view this as a threat or an opportunity, and we choose opportunity. Providers who remain inward-looking or are slow to respond will disappear over time, even if they are entrenched in the industry today.
Also, sustainability is fast becoming paramount. The need to protect our world is essential. The legislative situation will evolve rapidly as pressure builds to move away from fossil fuels. COVID-19 diverted some governmental attention temporarily, but the focus on environmental protection will accelerate again. We are committed to remaining ahead of the curve.
The changeover to more eco-friendly vehicles and fuels, like liquified natural gas (LNG) and electric vehicles, is ramping up. It requires an investment in changing over traditional repair and fuel networks in order to make these alternative vehicles truly viable options for commercial freight transport. It also requires public education to ensure appropriately safe behaviours around these vehicles.
Right now, the industry is on an eco-learning curve – for example, there are questions around the green credentials of certain batteries and their end-of-life disposal, as well as the electricity produced by fossil fuels. I’m encouraged that these questions are being asked, and I am confident that any issues will be resolved.