Six COVID-19 aftershocks

The COVID-19 pandemic continues to unfold in unexpected ways across the globe. Markets keep rapidly evolving and financial stability remains an elusive goal for many companies.

Amid these unprecedented challenges, business leaders in the transport industry must do what they can to protect their financial health as well as the health and safety of their workforce.

SG Fleet's report, Six COVID-19 aftershocks and how they’re reshaping the mobility industry, addresses six major shifts within the mobility space in the wake of the pandemic.


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Here’s a preview of our industry insights, as well as the flexible short- and long-term solutions for everything from fleet optimisation to cash flow relief:


Social distancing means out with shared transport, in with single-occupancy vehicles

The risk of infection is driving passengers away from public transport toward pool
vehicles and short-term leases that can limit exposure and provide a higher level of hygiene. Moreover, organisational leaders can expect employees to start enquiring about salary packaging private vehicles for personal use.


Vehicle and trip safety present an urgent concern

Safety and hygiene (or the lack thereof) can impact the entire organisation. While
manual record-keeping methods fall short, advanced fleet management solutions
are being used to add sanitisation checkpoints within the regular workflows.


E-commerce explosion necessitates larger delivery fleets

As a dramatic increase in online spending puts pressure on last-mile delivery
providers, short-term vehicle leases can help fill in the gaps. But companies will
ultimately need to consider long-term fleet expansion to keep up with the evolving market.


Contact tracing softens resistance toward vehicle movement tracking

Fleet managers can use telematics to gather the necessary fleet utilisation
insights in the event of a COVID-19 outbreak within the workforce. Because it’s now imperative to access such data, drivers are increasingly accepting of vehicle tracking technologies.


Uncertain economic outlook leads businesses away from long-term commitments

Under the weight of the pandemic, now may not be the time to renew a three- or
four-year lease or purchase a new fleet. Instead, mini leases can satisfy short-term
requirements and tighter budgets.


Cash flow concerns create new demand for fleet management support

When finances are tight, there’s no room for costly inefficiencies. Outsourcing fleet
services helps ensure fleet optimisation and reduced costs. Additionally, leases or
sale and leaseback arrangements can inject cash back into the business, relieving cash flow strains.