Megatrends DRIVE GROWTH
Long-term macroeconomic and societal development trends impact and change the world around us. The following megatrends support our strategy and journey to become the global leader in sustainable cargo flow.
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Global growth & economic development
Description: Population growth and urbanisation as well as rising economic wealth and productivity shape the global economic development. The world’s population today is around 8 billion and estimated to reach closer to 10 billion by 2050. Simultaneously, the share of the world’s population living in cities is expected to grow from 55 percent to 80 percent. At the same time the global GDP per capita is growing.
Implications: Global and economic growth drive consumption, world trade, and demand for sustainable cargo transportation. Urbanisation requires infrastructure and construction, with logistics to sustain cities. Load handling solutions must be safe, quiet, and low in emissions.
Examples from Cargotec offering: Hiab solutions for construction and waste management segments, MacGregor Cargo Boost solution.
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Sustainability
Description: Today, consumer and investor behaviour is increasingly guided by the environmental, social, and governance (ESG) dimensions of sustainability. Governments, investors, companies, and consumers now demand concrete actions to address climate change and protect ecosystems. Cargotec perceives sustainability as a great business opportunity, especially within climate change mitigation and the accelerating adoption of a circular economy.
Implications: Our customers face increasing pressure from stakeholders to address climate change in their operations and industries. Also other aspects of ESG, such as safety, are key challenges customers need to solve and mitigate. Sustainability presents great opportunities for s to leverage existing and innovate new solutions to help our customers operate sustainably and adapt to the evolving markets and regulatory landscape.
Examples from Cargotec offering: Hiab electric load handling solutions, MacGregor offshore wind offering & range of electric cranes.
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Digitalisation
Description: The rapid development of digital solutions continues in all areas of society. Today, we see a 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 help them optimise their operations, improve productivity and safety, and reduce inefficiencies and emissions. Our business areas are present across the cargo flow network, enabling us to gain valuable insights throughout the value chain and shape the cargo and load handling industry by providing value adding software, automation and intelligent solutions.
Examples from Cargotec offering: Hiab HiConnectTM telematics data system and HiSkillTM virtual reality crane operator training, MacGregor OnWatch Scout solution.