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March 24, 2021
How mobility companies prepare for uncertainty despite renewed demand
The mobility sector is witnessing recovery in consumer demand across subsectors while the pandemic acted as a catalyst for the shift in consumption pattern toward e-commerce and sustainability. So far, agility in decision-making, resiliency in operations, accelerated digitalization and leaner cost structures have been crucial in managing the challenges laid out by the pandemic. However, the medium- to long-term impact of COVID-19 on the geopolitical environment is just beginning to crystallize. The dynamic policy environment globally is increasing volatility while recovery across sectors could further exacerbate shortages of raw materials. Mobility companies need to prepare for rising uncertainty as the industry has started witnessing newer challenges and associated political risks. An EY article provides details.