These days it seems like everyone gets around in a different way, whether it’s by car sharing, ride-sharing, or even scooting! And while it seems like these services came out of nowhere, they’re actually termed “industry disruptors” because they force an entire industry to change. If you need an example, think about how Uber changed the taxi industry, and how the taxi industry pushed back at first, and then eventually adapted and you’ll understand what this means. These changes have even impacted total car sales, with vehicle sales slowly declining over the years. While at first people were starting to Uber or Lyft more, even giving up their car to commute to work and save some cash this way, now with other innovations and startups like Bird on the rise, it’s an interesting case study to examine just now the automotive industry has to adapt.
In our infographic, we break down startups on the rise like Bird and Waymo and their impact as an industry disruptor and transportation startup. We talk about how they have impacted three key industries: public transportation, taxi and limbo services, and of course, the automotive industry. And while some markets may not survive these innovative periods that change how people view transportation, others turn to investing into it. For example, if you look at Toyota, they quickly adapted to the ride share industry by investing in Uber and Grab to adapt. This is one key lesson and takeaway we can grasp from these startups: learn to adapt and be flexible, and reconsider conventional wisdom to lead you to innovation!
Thanks to Zebra this graphic.