Automotive Fleet, November 2020
THE CONNECTED FLEET GUIDE 2020 4 When the COVID 19 pandemic became a reality in the United States much of the country went on lockdown leaving many businesses stunted until they were allowed to or found a way to operate again The effects of the pandemic show in our countrys economic output In the second quarter the U S economic output dropped 95 the steepest drop since this figure was first recorded in 1947 To put it in perspective quarterly GDP had never exceeded a 3 drop until the coronavirus struck Fortunately the economy is seeing a gradual recovery with the labor market recouping 137 million jobs in August Fleet activity is returning too reaching peak levels in August that havent been seen since February 2020 One of the reasons for the rebound is the resiliency of businesses Although many were down they werent out Instead they dug deep and found creative ways to continue to resume business even if in a new 5 WAYS TELEMATICS HAVE HELPED FLEETS NAVIGATE COVID 19 The suddenness of the pandemic caused fleets and the businesses they serve to pivot quickly Telematics has been an invaluable tool to meet the challenges posed by COVID 19 At the onset of the COVID 19 pandemic fleets had to pivot quickly to meet the crisis with changes it brought to businesses TELEMATICS
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