Shared Micro-Mobility Players Must Be Quick to React to the Global Challenges of Securing a US$9 Billion Opportunity

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By Maite Bezerra | 3Q 2022 | IN-6627

 

How Is the Macro Environment Affecting Shared Micro-Mobility Operators?

NEWS


The bottleneck in logistics centers, congestion in ports, low capacity, and shortage in components have resulted in a high lead time for shared micro-mobility vehicle orders in late 2021. The COVID-19 lockdowns in China have since exacerbated the problem because most leading operators, including Dott, Tier, Lime, Voi, Bird, and Spin, rely on the Chinese manufacturers Okai and Segway-Ninebot, which are facing major supply chain and shipping disruptions.

Additionally, recession fears and spiking inflation in nearly all countries will result in a scarcity of capital and funding in the upcoming quarters, which is worrying, given that only a handful of companies have achieved profitability so far. On the positive side, higher gas prices will likely increase shared micro-mobility ridership demand.

Shared micro-mobility operators have a tough road ahead, including the need to downsize/restructure, consolidations, and slower growth rates. However, those that are quick to understand and prepare for the impact of the challenges ahead will be able to n…

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