Global markets and modern technologies in the agenda of transport industry

Transport industry’s seminar organized by “BiSMART” took place in Riga on October 31. Experts of the field emphasized opportunities of global market and the significance of modern technologies in industry’s development. 

Normunds Krūmiņš, Chairman of the board of Latvian Logistics Association had the honor to give the opening speech. He stressed that today there are no borders for transportation of cargoes. Manufacturing, assembly and sales of one product can happen in various continents around the world. Profit is the key element. Different locations offer wider opportunities for transportation establishments.

Mr. Krūmiņš also acknowledged the huge potential of e-commerce with possible markets all around the world. Delivery times get shorter and prices are cheaper, especially for small packages. Global trends show that more and more client is the boss in the supply chains. To satisfy growing needs of the client, IT, CRM and ERP systems need to be mutually connected. 

Autonomous vehicles are not future anymore, they are a must today. For example, Great Britain lacks at least 10 000 truck drivers, there is a similar situation in Germany. Transport company “Kurbads” has the same problem in Latvia – people don’t want to be truck drivers and have a life on the road. New technologies come to the rescue.  The biggest truck manufacturers and also Tesla are already testing autonomous vehicles. The main obstacle for driverless trucks is legal affairs.

Igors Kabaškins, president of Latvian Transport Development and Education Association, introduced audience with changes in global economics in the last decades. Although North America has the highest growth and has the most favorable environment for business, the center of gravity in economics is moving towards China, and that’s why local companies have to find solutions to enter this market.

Ģirts Bramans, head manager of the “Rail Baltica” project in Latvia briefly spoke about “Latvia’s project of the century”. Main aims for “Rail Baltica” are sustainable Latvian economic with extensive growth, improved flow of cargo and passengers in North-South direction, improvement of cargo flow in East-West direction. 

From “Kurbads” point of view it’s too soon to predict the impact of “Rail Baltica” to vehicle transportation service in Northern Europe.  But it is clear that European market is open to everyone. And there is a place for competition if high quality service can be provided.