This guest blog was written by Ted Fellowes, President of Fellowes Research. It is the third of three posts that prepares the reader for webinar hosted by Mize titled Parts eCommerce & Megatrend Impacts on Aftermarket Parts Sales in which Ted is the guest presenter
Megatrends are shifts in behavior or attitude that are large, transformative, global and cross-industry in impact. The megatrends discussed below appear pivotal to shaping parts and service operations for vehicles and equipment. The digital solutions that automate and improve service-parts management (SPM solutions) will be vital to OEMs, dealers and repairers as they forge at path to success through the tumult.
This post focuses on forecasting impacts, not on exact timing and sizing.