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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.
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.
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 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.
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 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.
