Geopolitics, trade wars, and past semiconductor shocks have turned global, cost-optimized supply chains into a structural risk, pushing OEMs and Tier Is toward regional hubs, near-shoring, and local-for-local manufacturing to build resilience rather than pure cost efficiency. Europe and the Association of Southeast Asian Nations (ASEAN) region have been the worst hit due to the conflict in the Middle East, given their major dependence on imported oil and gas, which has drastically affected supply and prices.

Governments are combining CO2 standards, zero-emission truck mandates, low-emission zones, and purchase incentives to accelerate fleet transition, while eCommerce and urban delivery growth make light commercial vehicles (LCVs) and medium and heavy-duty (M&HD) trucks the spearhead for electrification and alternative fuels in cities. Rising oil and gas prices could prove to be a shot in the arm for electric vehicles (EVs), which were largely subdued in the past few months, providing an alternative to diesel and gasoline and becoming more attractive to fleets and customers from a total cost of ownership (TCO) standpoint.

• What are the new service models for leasing, insurance, repair, charging, and fleet software companies that are built around access to vehicle-generated data such as fuel use, tire wear, diagnostics, and driving behavior?
• Which growth prospects influence significant shifts in trucking?
• How can OEMs and suppliers grow and transform trucks from being viewed just as a product into a complete freight-hauling solution, using modular platforms, enhanced software integration, and connectivity features?