Megatrends DRIVE GROWTH
Long-term macroeconomic and societal development trends impact and change the world around us. The following megatrends are relevant in the successful implementation of our strategy, shifting weights as we continuously adapt our business model.
Global growth & economic development
Description: Population growth, urbanisation, rising economic wealth and productivity shape the global economic development. The world’s population today is about 7.9 billion and estimated to reach 9.7 billion by 2050. Simultaneously, the share of the world’s population living in cities is expected to grow from 55 percent to almost 70 percent. At the same time, global GDP per capita is predicted to grow by roughly five percent annually between 2020–2025.
Implications: Global and economic growth drives consumption, world trade and demand for cargo transportation. Urbanisation requires infrastructure and construction, with logistics to sustain cities. In densely populated cities, load handling solutions must be quiet, safe and low in emissions.
Examples: Kalmar One, MacGregor Cargo Boost solution, Hiab electric MOFFETT truck-mounted forklifts.
Description: Today, environmental, social and governance dimensions of sustainability increasingly guide consumer and investor behavior. Governments, investors, companies and consumers now demand concrete actions to address climate change to protect biodiversity and ecosystems. This is increasingly important since up until now, businesses and governments viewed profit generation and sustainability as conflicting concepts.
Implications: Our customers face increasing pressure from stakeholders to address climate change in their operations and industries. Other aspects of ESG, for instance safety, are key challenges customers need to solve and mitigate. Sustainability presents great opportunities for us to innovate new solutions that tackle customers’ challenges.
An example: Electric versions of Kalmar’s empty container handlers, terminal tractors, forklift trucks, MacGregor’s offshore wind offering.
Description: Rapid development of digital solutions continues in all areas of the society. Today we see greater emergence of disruptive technologies, such as 5G and artificial intelligence, which enable data-based services and new business models.
Implications: Customers seek intelligent solutions that can support them in optimising their operations, improve productivity, safety and reduce inefficiencies and emissions. Our business areas are present across the cargo flow network, enabling us to draw valuable insights across the value chain. With these insights, we are able to shape the cargo handling industry by providing value adding software, automation and intelligence solutions.
Examples: Kalmar Insight, MacGregor OnWatch Scout, Hiab HiConnect platform