Chevin Fleet
The Fleet Management
Industry Copes with
COVID-19 Through
Technology
Teeth whitening Sheffield was
once something that only the
rich and famous could benefit
from, but today it is available to
everyone. Many people find The
coronavirus pandemic has had a
significant impact on the fleet
management
industry.
Lockdown measures and travel
restrictions
drastically
decreased
the
number
of
vehicles on the road, partly
paralyzing the industry.
Fleet management companies are forced to cut costs, be flexible, and
redesign their business model to cope with the pandemic's challenges.
Reduced, Scattered Staff
The pandemic brought an
economic recession, which
prompted
some
fleet
management companies
to
lay off employees.
Many
have
also
established remote work
arrangements
to keep
their operations running.
However, as more drivers
and
technicians
start
working from home, the starting point or the congregation points for fleets
are no longer fixed. Fleets need alternatives to manual scheduling vehicle
tracking methods.
These problems create growth opportunities for fleet management software.
Such technologies allow operators to streamline dispatch and congregation
points, improve schedule optimization, and accurately track equipment and
vehicles. Industry experts expect the fleet management software to grow at
a CAGR of 16.8 percent by 2027.
Cost-Cutting Strategies
Many fleet management companies
implemented budget cuts, including
reduced training, reduced hiring,
delayed vehicle
and equipment
purchases, and reduced business
travel.
Decision-makers are also looking into
right-sizing their fleet as a long-term
solution. Underutilized staff and
equipment only increase operating expenses. Letting go of these assets
makes funds available for other purposes.
Downsizing workforce means fewer wages to pay and training to finance.
Having less equipment also entails lower preventive maintenance expenses
and fewer repl