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As we embark on 2022, those in fleet and logistics have their work cut out for them. Global supply chain shortages, combined with inflation of fuel prices and growing consumer demand for faster movement of goods, have created challenges. Consumers hold logistics and transportation companies to high standards for how fast goods arrive and the accuracy of ETAs, with 95% preferring free-one-day delivery as their ideal method. Predictions show that the last mile delivery market will grow to $91.5billion by 2030, a $79.5 billion rise compared to the value in 2019.
Manual methods of visibility and tracking are no longer enough for fleet and logistics professionals. There’s an urgent need for data that can provide a better understanding of how to optimize routes to keep drivers safe, maximize efficiencies and meet consumer demands. Wejo Connected Vehicle Data (CVD), generated from millions of active connected vehicles and sourced through exclusive OEM partnerships, can help you meet and exceed customer expectations this year, driving efficiency at scale to streamline planning and dispatch.
How CVD can help you in 2022
Gain an accurate understanding of peak traffic times – and how the pandemic has changed them
The traditional approach fleet and logistics providers have taken, looking at historic trend maps to guide routing plans, is unreliable today. The pandemic has changed how consumers live, work and travel on a global level, and because of that, there’s a need to understand new patterns on the roads to best inform intelligent routing. Our CVD analyses of patterns today, compared to pre-pandemic levels, show peak travel days have changed in some cases and journey times throughout the day have flattened, suggesting a shift in how people are commuting. This kind of information can help fleet and logistic providers ensure their approach to planning routes is based on today’s trends, not what we were doing in 2019.
Evaluate origin-to-destination trends and how journey travel times are changing
Intelligent routing drives fuel efficiencies, maximizes the equipment lifetime and ensures drivers are taking the best possible paths to their destinations, leading to faster ETAs. Doing it right requires having a source of data that is focused specifically on traffic and roadway trends. CVD provides origin-to-destination information at scale, including the length of time journeys are taking, the speeds vehicles are going during those trips, and even what type of vehicles are traveling certain roadways. By looking at these data points in real-time, you can gain a more accurate picture of current traffic trends to plan the fastest routes, avoiding delivery delays and ensuring ETA windows are met.
Keep drivers safe and mitigate delays
CVD provides real-time and historic views of incidents happening on the road – both where they are occurring and, perhaps more importantly, how they impact the routes around them. In a recent study of the February 2021 winter storm in Texas that left many without power, CVD was able to show an increase in people turning on their cars but staying stationary, suggesting many were using the car as a power source to stay warm. We also saw how the storm impacted roadways, with many individuals flooding the airport freeway during the storm. Information like this can be impactful for fleet and logistic professionals in making real-time decisions to re-route drivers around accidents or backups and make permanent changes in travel plans if a roadway looks to be high risk.
Wejo provides accurate and unique journey data curated from millions of connected vehicles to help you unlock a deeper understanding of mobility trends to optimize logistic capabilities, get a better understanding of populated urban areas and create a better experience for drivers.
Read the full ebook to see all of the 2021 trends.