Singapore - 04 Aug 2020
COVID-19 has had a tremendous impact on businesses around the world. The transport and logistics sector, especially in the Asia-Pacific region, has been one of the hardest hit. Companies had to quickly pivot their strategies to cope with new challenges brought on by the pandemic, with initial success. ABI Research, a global tech market advisory firm, forecasts that commercial telematics system revenue in Asia-Pacific will nearly double from US$7.3 billion in 2020 to US$14.1 billion in 2025, at a CAGR of 13.9%.
“Throughout the supply chain, COVID-19 presented specific challenges from contactless delivery, the shutdown of truck stops, and the closure of back offices, which caused disruptions between suppliers, distribution hubs, and retailers/consumers,” explains Kangrui Ling, Research Analyst at ABI Research. “As a result, location-based solutions, including real-time traffic data, estimated time of arrival notifications, and vehicle visibility, are playing an important role in tackling these challenges.”
Major logistics providers are grappling with the short-term effects of country-wide lockdowns, as shuttered borders continue to restrict movement of goods and services. DHL reportedly suffered an impact of US$79 million to their February earnings. Shipments of cargo from China have seen a four-to-six-week delay; likewise, in India, over 500,000 cargo trucks were reported to have been stranded on highways. Fleet managers have a crucial need to enhance visibility and improve connections between operations, drivers, and customers. Real-time location monitoring and dynamic routing have been key in allowing network operation centers to optimize routes on the fly and improve customer satisfaction by reducing late deliveries and bettering goods tracking.
Major e-commerce and delivery companies—such as Meituan Dianping, Alibaba, Grab, and Gojek—have implemented distancing measures and contactless delivery to ensure the safety of
“In the long term, we do see supply chains and fleets becoming more automated and robust through the use of technologies such as ADAS, fleet telematics, artificial intelligence, and big data,” concludes Jun Wei Ee, Research Analyst at ABI Research. “In addition, the focus will shift toward autonomous delivery form factors, as the pandemic continues to alter consumer behaviors. Within all these developments, location technology will be key.”
These findings are from ABI Research’s Transport and Logistics in Asia-Pacific: COVID-19 Response and Industry Analysis application analysis report. This report is part of the company’s Freight Transportation & Logistics and Location Technologies research service, which includes research, data, and ABI Insights. Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.
About ABI Research
ABI Research provides actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors.
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