RahulGautam's blog

Surging adoption in transportation management has been one of the major drivers for the cloud SCM market. As the world’s transportation networks and supply chains become increasingly intertwisted and complex, the systems that support them are advancing and improving at a rapid pace. Software vendors have been integrating more transportation optimization capabilities into their solutions, making it easier for shippers to streamline their supply chains, while also making them more cost- and time-efficient. This has been augmenting the growth of the cloud SCM market.

The Government of Canada aims to replace all conventional fuel vehicles with zero-emission vehicles (ZEVs) by 2040, owing to which the country made an investment of $1.2 billion in the low carbon and zero emissions fuels fund, which was announced in 2020. In the same vein, Japan aims to electrify all new passenger cars by the mid-2030s under the Green Growth Strategy. Likewise, the European Union (EU) aims to increase the penetration of ZEVs in member nations under its EU Sustainable and Smart Mobility Strategy and Action Plan.