GROWTH MODELS FOR SUSTENANCE

At the Frost & Sullivan, 14th Annual Intelligence Mobility Summit, the adoption of an innovation-led growth path was hailed. Prateek Pardeshi and Deepti Thore checked on the growth models for sustenance.

- Prateek Pardeshi and Deepti Thore

The fundamentals of the mobility industry are changing and so are customer preferences and expectations. The convergence of autonomous, connected, electric and shared mobility technologies is radically altering the way people move around, live, work, and engage with their environment. To address these changes, Frost & Sullivan hosted 14th Annual Intelligent Mobility Summit (IMS) themed as “Towards Sustainable Future”. The pandemic has accelerated this process of transformation, while offering stakeholders the opportunity to reset their future in the direction of sustainable, innovationled growth models. While the industry is working towards de-carbonisation and carbonneutral manufacturing with the rising emission levels, adopting clean energy practices across the mobility value chain have become critical.

According to Frost & Sullivan, growing awareness on environmental issues, evolving consumer preferences, and regulatory imperatives are incubating new technology enablers in the form of Connected vehicles, Autonomous driving, Shared mobility and Electromobility (C.A.S.E.). Allied with this is the emergence of innovative mobility solutions like ‘mobility-as-a service’ and ‘lifestyle-as-a-service’. Meanwhile, logistics supply chains are aligning with trends like ‘Innovating to Zero’ and electrification too. Increasing end-of-life vehicle waste is compelling the need to pay greater attention to bringing in transparency and accountability in the mobility ecosystem. Circular economy and battery recycling concepts are highlighting how environmentally-friendly reduce, reuse, recover and recycle practices can be powerful tools for sustainable growth and competitive differentiation.