August 23, 2021
Lack of Predictability Fuels Uncertainty
The 69th State of the Fleet Industry video produced by Automotive Fleet offers an updated look at the state of the fleet market as presented by Automotive Fleet Editor Mike Antich.
Today's topics include:
- The biggest impact of COVID-19 is that it has created a business environment that lacks predictability, which has created a feeling of industry-wide uncertainty.
- The 2022 order banks for all OEMs are very healthy as most fleets have heeded the advice to place their 2022 model-year orders early.
- Although only at the beginning of the 2022 ordering cycle, several models have already been built out for the entire model-year.
- Fleet managers need to get ahead of the curve beyond 2022 and look more long-term to their needs in the 2023 model-year.
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⏱ Timestamps ⏱
0:20 The Largest Impact of the Pandemic on Fleet
1:12 Ongoing Supply Chain Restraints & Parts Shortage
2:24 The Health of OEM Ordering Banks
3:35 Global Supply Chain Issues Lengthening Lead Times for Commodities
4:37 Why Shipping Rates and Freight Volumes Are Soaring
5:43 Collateral Impacts from Supply Chain Bottle Necks
6:26 While Uncertain, This Is Nothing New