Fleet Management in 2024: Sustainability, Tech, and Consolidation Drive Change
The sustainability landscape is maturing, with fleet managers becoming more familiar with the GHG Protocol and the Corporate Sustainability Reporting Directive gaining importance. As we look ahead to 2024, several trends and challenges are expected to shape the fleet management sector.
In Latin America, fleet managers are set to prioritize sustainability in 2024, driven by the introduction of more affordable electric vehicle models and changes in import taxes. Meanwhile, the car market will continue to roll out battery-powered models, focus on cost control, and shift towards advanced battery technologies like LFP.
The role of fleet managers is poised to evolve significantly in 2024, influenced by centralization, emerging technologies, and increasing data availability. They will need to navigate challenges such as managing EV residual values and embracing digitization in remarketing. Technology will play a crucial role, with advanced solutions like data analytics, AI, and automation becoming inevitable.
Consolidation within the supply chain, both in Europe and globally, will persist. Companies are exploring strategic mixes of automation, centralization, M&As, and organic expansion. Despite ongoing economic and geopolitical challenges, supply chains will pivot towards sustainability, with sustainability emerging as the main driver of fleet strategies.
Fleet managers in 2024 will adapt like never before, with an array of beneficial tools and technologies at their fingertips, such as transitioning to EVs, managing electrification, and AI-powered predictive maintenance. The start of the EU-wide Corporate Sustainability Reporting Directive in 2024 will make it mandatory for large and publicly listed companies to report their corporate greenhouse gas emissions.
As we enter 2024, fleet managers will face a dynamic landscape shaped by sustainability, technology, and consolidation. They will need to embrace change, leverage new tools and technologies, and adapt their strategies to meet evolving challenges and opportunities.
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