Megatrends

The world and our industry

The world is changing. The need to drive progress and to grow within the boundaries of the planet is greater than ever. As a global transport and infrastructure solutions provider we aim to understand what forms the world. In order to drive prosperity— today and tomorrow.

Urbanization

In 2030, we will be 8.6 billion people and 70% of us will live in cities. We will need new infrastructure and with it efficient means to transport people, goods and waste. Transport in the future will be urban.

Urban mobility and transportation stories

The future for our cities

Two thirds of the global population will be living in cities by 2050. Urbanization is a global megatrend – with many different expressions. This is the story of how four growing cities are creating their own unique solutions towards a sustainable ...

“We need to have a holistic perspective”

What will happen with public transport in the post-Covid-19 era? And as the cities of the world continue to grow – how do we at the same time make them cleaner, quieter and safer? Håkan Agnevall, President of Volvo Buses, outlines challenges and ...

"We need to explore different ways of planning and building our cities"

Currently transportation systems contribute a big share of greenhouse gas emissions. Shared and automated mobility, renewable cars and solar paved highways are some major innovations just around the corner. These have the potential to completely ...

Safety and security

Children waving to a Volvo truck driver

Road traffic safety in focus

Towards a safer future

Digital Transformation

The world of tomorrow will be data-driven and AI guided. The winners will use digital technologies to provide seamless and customer-tailored experiences—whether for B2C or B2B. With more than 1 million connected vehicles, the Volvo Group is well positioned for digital transformation.

Digital transformation pyramid

Digital Transformation explained in simple words: Digitization is the conversion of information from a physical or analog format into a digital one. Digitalization means that digital technologies alter the way in which people and processes interact. Digital transformation includes the ways businesses, employees and customers connect and communicate. Digital transformation leads to new or altered business models and ways of working, providing new value producing opportunities and revenues.

DIGITAL TRANSFORMATION AND CONNECTIVITY PUT INTO PRACTICE

A new playing-field opens up

A new playing-field opens up: Platform owners and integrators will be essential to the logistics industry. Leading companies will deliver value to their customers at a completely new level by orchestrating eco-systems of partners. In this example, Volvo Group helps create a system of systems.

Unlocking customer value

Unlocking customer value: connectivity is an enabler for transformation. The key lies in releasing the power of data to create value for the customers. In this case, the loadout process at a site underwent a digital transformation that led to a reduction of 1600 truck transports in the project’s first year— improving the customer’s operations and business.

Digital transformation stories

Volvo reduces transports using a digitalized system

Urban logistics contributes to challenges in the form of traffic congestion and poor inner-city environment, but is also a prerequisite for an attractive city. Volvo Group is therefore starting an exciting project in which industry, academia and ...

Digitalised loading carries its weight well

In a construction project, every single load is vital to all concerned since even small disruptions may have a large impact over time. With the help of load weighing and digitalisation a solution was created that not only ensures correct loading ...

New era of digital innovation

Volvo Construction Equipment will be among the first in the world to trial 5G mobile technology as part of a unique collaboration with mobile operator Telia Company....

CampX by Volvo Group

Globalization and geopolitics

The global population is growing, but the world is shrinking. People, goods and ideas have been flowing increasingly between countries for decades, accelerated by travel and digitalization. But will the globalization trend continue, retract or change form? As a global company, we believe that people and ideas can drive prosperity just as our products and services.

Globally there is a shortage of commercial drivers and mechanics. The people serving and driving our trucks, buses and construction machines are essential for our solutions to function. Volvo Group invests in many ways to develop the communities where we are active, securing the local competence for our customers and the industry.

Watch Volvo Trucks’ example, a project to train women to become professional truck drivers.

Our business is truly global with more than 50.000 suppliers around the world and more than 1 million people working to deliver to the Volvo Group. We carefully monitor the conditions for global trade. Geopolitical uncertainty affects rules and regulations for trade and transport and can have an impact on both the demand and supply side of our business. We work continuously to maintain and improve the effectiveness, safety and security in the value chain: globally, regionally and locally.

Sustainability

Megatrends | Volvo Group

A holistic perspective

Sustainability is the overarching challenge of our time. The simplified version of Kate Raworth’s Doughnut Economics model is a way to visualize how we can achieve economic and social growth without damaging the earth’s ecosystem. For us, it reflects our mission of driving prosperity. It means to consider the impact of our activities on people, the environment and the usage of our planet’s resources.

There are two boundaries: the inner social boundary and the outer environmental boundary illustrated by the social foundation and the ecological ceiling. Between these two areas there is an area representing an environmentally safe and socially just space for people to prosper in. In this area, inclusive and sustainable economic development takes place— influenced by several factors.

We outline and describe how we consider and balance the effects on climate, resources and people in our sustainability framework and strategy.