The COVID-19 pandemic had impacted most industry including automotive, the demand for the trucking industry has been a roller coaster. Many businesses are seeing lower revenue and loss of customers, some may need to make a tough decision in closing the business due to the economic uncertainty.
On the other hand, the trucking industry experienced a low and high demand throughout the pandemic. As governments from different countries have ruled transportation as an essential service. The demand for logistics increase significantly as online eCommerce has been the popular choice during the pandemic. This leads to a further shortage of truck drivers in America. The same goes for Canada, 43,500 heavy-duty drivers were introduced into the industry in the third and fourth quarter of 2020.
Trucking is considered essential because it is the most efficient and effective way of delivering and distributing goods. It is the strong components and links between all major sectors, and it is forecasted to stay the same in the future.
Speaking of the future, sustainability for the future have been the main focus for nations, corporations and businesses. Nations and companies are pledging to play a part in climate goals. The most common proposed solution is to reduce carbon monoxide and exhaust emissions during the transportations of their products and services.
On that account, many companies are looking into transforming trucks into electric vehicles. This is known to be the most feasible method to satisfy their environmental sustainability goals. Hence, the likeliness that the demand for electric or hybrid truck parts increases. If you have any commercial vehicles parts you would like to manufacture or transform into environment-friendly parts at a competitive price, contact us today! We want to be a part of making a greener Earth.