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Fleet Management

Top Fleet Management Challenges Facing Fleet Managers

Fleet managers play a pivotal role in any transportation company or a logistics company when it comes to selecting and maintaining vehicles and keeping up with delivery and distribution schedule. Fleet management plays an essential role in the transportation industry as fleet managers strive to minimize risks associated with vehicle investment.

Fleet management companies are always on the lookout to improve efficiency, productivity and reduce their overall staff and transportation costs. Successful fleet managers usually have years of experience in the field dealing with fleet operations, logistics, contract negotiation, fleet maintenance, and fleet management systems. However, fleet management can sometimes be challenging to deal with even after years of experience in the field.

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Driver safety and productivity

Apart from fleet managers, drivers are another vital cog in the success of fleet management services. So it is essential to ensure driver safety for effective fleet management. Accidents on the road will not only pose a question of the driver when it comes to safety but might also damage the cargo and the vehicle, causing substantial economic losses.

Fleet managers need to diligently use educational programs, regulations, and predictive analytics to ensure safety for their drivers, cargo, and vehicle. With a host of technology available including GPS, telematics, and sensors it becomes essential to educate the drivers on the use of such tools to minimize road accidents. Preventing such accidents deters not only the economic losses but also avoids potential downtime, which can hamper the service levels. Additionally, reducing the risk of accidents also helps keep the insurance premium costs down. It is always a challenge to hire experienced drivers with clean records and then train them to get acquainted with a host of new technologies.

Fuel price fluctuations

The cost of transportation or delivery per mile is one of the important metrics used by fleet management companies to determine the pricing for their services. However, this cost is highly unstable owing to the ever-fluctuating fuel prices. This impacts the final cost of the services provided, and transportation companies will often have to adjust their consumer pricing. It is almost impossible to forecast the fuel prices and, as a result, fleet managers will have a hard time managing budgets.

One of the best ways to mitigate this risk is to switch to a more fuel-efficient vehicle. As a result, fuel price volatility will have little effect on the final prices. Also, the transportation industry is assessing the possibility of using electric vehicles on a large scale.

Managing geographically dispersed teams

Large commercial fleet management companies have operations spread across state lines and international borders. Fleet managers have a hard time tracking all operations and also communicating with drivers remotely.

Additionally, locating each vehicle in the fleet can be a tiresome task as it may require continuous zooming and scrolling across a map. To combat such issues, the transportation industry is turning to technologies such as advanced mapping and spatial clustering to facilitate fleet monitoring.

Cost containment

A majority of the fleet management companies have already optimized their cost base. There’s hardly any room for further reduction as fleet managers would already have researched competitive alternative and selected the best fleet option.

Additionally, reducing cost is a top-down approach and requires a strategic adjustment from top management. Apart from that, fleet managers face a lot of problem in dealing with driver reimbursement, resource sharing, vehicle maintenance, and lifecycle costing. Most of these factors are out of their control, which lead to budgeting and forecasting complications.

For more information on challenges faced by fleet managers in the fleet management sector, transportation industry, and logistics industry, request more info.

Is Shared Mobility Hurting the Growth of the Automotive Industry?

Today, roads and highways are overcrowded with vehicles. Governments and activists around the world have been doing all they can to ensure efficient mobility solutions to reduce overall traffic flows, environmental pollution, and cost of vehicle ownership, and transportation. Shared mobility solutions look forward to solving such problems with transportation services that are shared among users, such as public transit, bike sharing, car sharing, carpooling, shuttle service, and neighborhood jitneys. Recent studies show that the growth of the shared mobility market is higher than the rate of global vehicle sales. The preference for such a sharing economy can transform the auto industry.

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Will Shared Mobility Slow the Growth of Auto Sales?

Although it looks likely that there will be fewer vehicles on the road due to the growth of the shared mobility market, the automakers can still reap benefits out of it if they can position themselves for the future. Since ride sharing, car sharing, and carpooling drives up the vehicle utilization rate, such vehicles will have to be replaced or serviced more often. Numerous research reports suggest that shared mobility will only partially replace car ownership.

How will the Automotive Industry React?

In a bid to increase their revenue pool, automotive manufacturers will diversify towards on-demand mobility services and data-driven services. Such shared mobility and data-driven services will ensure recurring revenues from services such as car sharing, e-hailing, software upgrades, carpooling apps, and remote services. Considering that the car rental market requires a huge investment to buy fleets, automotive manufacturers could explore rental services along with other shared mobility strategies.

The Future of the Automotive Industry

The automotive industry is highly dependent on autonomous technology that will allow the car to become a platform for passengers and drivers to use their saved time on other personal activities. The use of self-driving cars would allow the service providers to optimally reposition the vehicle, increase coverage with a small fleet, and reduce the fixed-cost base; thereby, decreasing inner-city congestion.

Automakers and their suppliers need to understand the current requirements of the consumer and design mobility solutions that cater to their needs. Although shared mobility would inhibit vehicle sales to some extent, automotive players can position themselves to reap benefits through recurring revenue streams and extended services.

To know more about shared mobility market, shared mobility solutions, ridesharing, carpooling, and automotive industry:

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Pharmaceutical Industry

Market Assessment Study Helps a Fleet Management Company Enter Emerging Markets

Globally, with the recent increase in fleet management service providers, enterprises have started carrying out logistical and capturetransportation functions in an agile and seamless manner. Consequently, enterprises are becoming increasingly reliant on effective fleet management services to track and maintain their vehicles in a cost-effective, quick, and accessible way. Moreover, reduced overall running costs, enhanced safety, and optimized fleet operations are some of the other benefits offered by fleet management service providers. Effective and real-time monitoring of fleet management also helps the organization to further eliminate the risks associated with staff cost and operations.

With years of expertise in carrying out effective market assessment studies for a wide array of industries, Infiniti provides effective solutions for the fleet management market in terms of the connectivity technology, service, the key factors influencing the market’s growth. The market assessment studies carried out by Infiniti also offer detailed information regarding the growth trends, future prospects, and challenges faced by the stakeholders in the target market.

The Business Challenge

A global conglomerate in fleet management services was facing challenges evaluating and entering emerging markets and benchmark their strengths. The client was also facing challenges understanding the future of new disruptive markets and lacked sufficient data to make informed decisions. In addition, the client also wanted to analyze multiple business scenarios built on many variables.

Our Research Methodology

To gain strategic insights into the fleet management market, our market assessment experts followed a blended approach, comprising of email/phone based invites, reminders, and telephone surveys, followed by data analysis and insight development. Also, our market assessment experts leveraged the use of agent-based modeling and artificial intelligence techniques to analyze data, evaluate scenarios, and develop effective market entry strategies.

Fleet management

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Our Solution Helped the Client

  • Conduct a robust evaluation of the target market and all its key variables
  • Analyze the penetration levels of fleet management services among the target regions
  • Identify the potential competitors and their business strategies
  • Formulate smart operating models and focus on costs

Benefits of Our Integrated Approach

In a period of six weeks, Infiniti’s market assessment experts were able to gauge information on fleet management in terms of competitors, potential drivers, and planned positioning. The engagement also helped the client track and analyze competitive developments such as recent mergers and acquisitions, new product developments, and aftermarket scenario.

A must-read market analysis case study for strategy experts and decision makers looking to assess the market landscape for fleet management.


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Market Intelligence Study Helps Client Gain Insights on Fleet Management

The recent market intelligence study by Infiniti Research on fleet management provides insights in terms of fleet usage and maintenance, competitors and penetration levels, and purchase patterns of automotive fleet leasing and management across the target region.

What is Fleet Management?

Fleet management solutions can be defined as vehicle applications and systems that assist companies manage and track their commercial motor vehicles, to ensure smooth functioning of business operations. Fleet management services have gained momentum due to the growing demand from the transportation and logistics sector. Fleet management solutions entails all aspects of vehicle management such as positioning, production and material monitoring, vehicle tracking and equipment optimization. These systems find applicability in industries beyond transport and logistics such as oil and gas, retail, mining, and waste management. The phenomenal growth in the adoption of the fleet management solutions can be attributed to several factors namely rising fuel and connectivity costs, soaring pollution levels and growing demand to achieve operational efficiency. However, increasing compliance standards, limited transparency, and lesser flexibility can impede the growth of the global fleet management market.

Infiniti’s industry experts offer strategic insights into the fleet management market by analyzing the complexities and challenges involved through various market intelligence studies. The market insights include information about the services market scenario and competitor landscape that help organizations to make better informed decisions.

Vehicle tracking system

In the fleet management market, vehicle tracking systems are the new trend that has caught everyone’s attention. The vehicle tracking system is a software that captures the location of the vehicles, providing the exact time spent behind the wheel, and the fleet usage and maintenance data. The vehicle tracker delivers real-time location of the fleet vehicles, gives access to important vehicle information, tracks driver behavior; thereby facilitating efficient asset utilization.

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Solutions and recommendations

The market intelligence team at Infiniti Research offers various solutions to understand the current scenario of the fleet management market and analyze it. Some of the solutions offered include:

  • Market study to gain insights into the competitive scenario, drivers, and planned positioning of the vehicle management market
  • Analyze the aftermarket landscape of fleet and vehicle management
  • Market assessment for automotive fleets with various capabilities such as medium and heavy duty vehicles
  • Develop an analytical framework using multiple data analysis tools and software’s
  • Help organizations understand the purchase patterns of automotive fleet leasing and management

Read our comprehensive case study on how we helped a leading client by offering market insights on fleet management.

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Corporate banking

Market Intelligence Study Helps a Power Management Client Identify Key Competitors

Over the years, fleet management has witnessed unprecedented changes due to the increased demand from the logistics and transportation sector. From not only being merely confined to transportation, fleet management involves managing all aspects of a vehicle such as positioning and material monitoring, production monitoring, and equipment assignment and optimization. Owing to its extensive reach, fleet management finds extensive application across industries such as oil and gas, mining, construction, logistics, retail, utilities,capture public transport, government, and waste management. Rise in fuel costs, increase in pollution levels, connectivity costs, and the demand for operational efficiency are some of the factors sustaining the adoption of fleet management solutions. Although the market is witnessing exponential growth, it is subjected to several challenges, greater compliance standards, lesser flexibility, and limited transparency. With years of expertise in carrying out various market intelligence studies, Infiniti’s industry experts offer strategic insights into the market space for fleet management in terms of the market scenario, competitors, and penetration levels among the target regions.

The Business Challenge

A multinational power management company was facing challenges understanding the market landscape in terms of the fleet usage, repair and replacement, and purchase patterns of automotive fleet leasing and management across the target regions (South Africa, Russia, Poland, Turkey, Saudi Arabia, the UK, Italy, and Spain). The client wanted to gain actionable insights into the fleet management market space with emphasis on medium and heavy-duty trucks and buses.

Our Research Methodology

To gain strategic fleet management insights, Infiniti’s market intelligence experts carried out a blended approach comprising email/phone based invites, reminders, and conducting telephone surveys, followed by data analysis and insight development. The market experts further carried out in-depth secondary research to identify and develop the database of up to 500 target respondents for conducting primary research.a2

As a research provider of choice to more than 55 Fortune 500 clients and other leading firms in the world, we at Infiniti have successfully executed a number of customer, market, and competitive assessment studies within the logistics, transportation, and allied industries for our global clients and believe that we are uniquely positioned to understand and address the current research requirement of the client.

Our Solution Helped the Client

  • Design analysis framework using multiple data analysis tools and software packages
  • Understand the purchase patterns of automotive fleet leasing and management
  • Analyze the penetration levels of fleet management among the target regions
  • Assess the market for automotive fleets in terms of medium and heavy-duty trucks and buses

Benefits of Our Integrated Approach

In just eight weeks, Infiniti’s market intelligence experts were able to gauge information on the fleet management market in terms of the competitors, potential drivers, and planned positioning. The engagement assisted the client in identifying fleet usage by different companies and the purchase patterns of fleet leasing. With our help, the client was able to analyze the aftermarket of fleet management.

A must-read market assessment case study for strategy experts and decision makers looking to understand the market landscape for fleet mangement.


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market opportunity

Transit Packaging: Manufacturing Sector’s Unsung Hero Gets the Limelight

Packaging has traditionally been a sidelined element of the manufacturing industry. However, the present day revival of the manufacturing sector backed by rising industrial innovations and economic expansion has closely influenced the associated packaging industry globally. However, the foremost impact on the packaging industry is thanks to the rising demand for sustainability, taking into account the link between packaging and wastage. These factors intensify a long-standing need for industries to implement better packaging products such as foam and transit packaging.

Transit Packaging is an emerging speciality that caters to the needs of several industries including chemical, healthcare, fertilizer, construction, food and beverage and e-commerce firms. Transit packaging encompasses the use of crates, totes, corrugated boxes, and protective packaging products to conquer three major factors- convenience, ease of use and ease of transport.

The packaging industry is evolving over the past few years resulting in the invention of innovative packaging techniques that are based on the escalating customer needs and competition to go from A-Z in the shortest time possible. Adoption of fleet management systems and demand for compostable packaging are some of the key market trends in the transit packaging industry.

Adoption of Fleet Management Systems

The increased trade activities and high demand from diverse industries such as food and beverages, consumer care, electrical and electronics, and many more create complications in transit packaging management. In addition to that, this activity demands complex functions including fleet sizing, repositioning of empty containers, tracking containers, maintenance activities, and container distribution. These complexities can be resolved using fleet management techniques, in turn improving operational efficiency, minimizing risk, and controlling cost.

Demand for Compostable Packaging

The high usage of cheap and environmentally harmful packaging products including bubble wrap and styrofoam made of polystyrene (derived from hydrocarbons) has incited growing environmental concern and the escalating demand for harmless packaging products. Compostable materials are usually made up of organic raw materials, that can be decomposed with the help of fungi, bacteria, and other microbial organisms.

The packaging industry is evolving, and so should you…

Transit packaging management is extremely complicated and entails the adoption of the right materials and procedures. At Infiniti, our far reaching research solutions provide a complete analysis of the applications and criticalities of transit packaging, its impact on your corporate bottom-line and accountability per the environment. This will help you setup the right mechanism, avoid inconveniences in the supply chain and damage to the shipped merchandise.

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