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Mega Trends Shaping the Global Commercial Vehicle Industry

The commercial truck industry is at a key crossroad, facing mega trends that will change the fundamentals of the businss in the next decade, according to Ernst & Young.

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The commercial truck industry is at a key crossroad, facing mega trends that will change the fundamentals of the businss in the next decade, according to Ernst & Young.

This two-page summary describes highlights of Ernst & Young's detailed analysis of the factors that will impact revenue, cost and profitability in the commercial vehicle sector. The study identifies six mega trends:

  • Truck owners are demanding technology and innovation
  • Government regulations are driving change for truck owners and manufacturers
  • Truckmakers are expanding their geographic footprint and looking for new operational efficiencies
  • Producers are "glocalizing" their product porfolios and bundling vehicles with value-added services
  • Suppliers are becoming more efficient and global as they expand into new products and service markets Globalization brings higher manpower, supply chain and economic risks

To learn more about Ernst & Young's Global Automotive Center, click HERE.

 

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