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If you were looking for trucks or assets to expand your fleet during the COVID-19 pandemic, you might’ve noticed the increasing prices in dealerships and the shortages of newer models. In 2020, the pandemic has caused plants from all over the world to shut down unexpectedly due to health concerns and created a huge shortage and backlog for the automotive industry – the sister industry to the transportation industry.
The COVID-19 pandemic brought about two things to the supply chain – an increase in demand for consumer electronics and a reduced supply in computer chips. Other than computer chips, productions in other parts such as plastic and glass are seeing shortages as well. These resources are typically sourced around the world. In normal cases, a shortage in a certain area can be alleviated by relying on other plants or productions. However, a global pandemic such as COVID-19 has prompted governments to impose shutdowns and lockdowns, forcing all sorts of plants and productions to a halt until further notice.
The transportation industry highly relies on the automotive industry. At the end of the day, everything has to be moved by a truck. For example, trucks that need replacement parts will take longer to repair due to shortages and new trucks can’t be ordered and come on time due to the same shortages. Your business may be affected by the piling need for spare parts and eventually cost you the operation. On the other hand, shortages in the supply chain also mean a reduction in products for transport. Until the supply chain is stabilized, you may see a lot of your trucks empty with nothing to carry, further burdening your costs as a fleet manager or an owner operator.
FleetHunt Technologies ELD solutions has the ability to keep assets and supplies on an inventory list, making it easier to keep inventory updated and keep operations running longer than usual. Fleet managers can keep track of stock and order parts accordingly while keeping the current supply chain shortage in mind. By doing so, critical parts can be focused on first as soon as they are available while stocking on other parts for emergencies. For owner operators, ELD solutions also provide preventive alerts about your truck to notify you of issues that need to be addressed. Not only will you be prepared for certain part shortages, you will also have ample time to order and wait for the required parts while keeping the condition of your truck in check. To inquire more about Fleethunt Technologies ELD solutions or ask for a quote, click here.
Fleethunt Technologies aim to keep your business and operations running as long as possible even within these unprecedented pandemic times. It is our goal to make sure the transportation industry continues thriving. Read more about fleet sustainability in this blog post here.