Uber, Lyft and Didi drive shared mobility
Demand for shared mobility and on-demand transportation services from providers such as Uber, Lyft and Didi (in China) is driving interest and growth in this trend.
Globally, shared mobility remains a key trend in the automotive industry.
Increased vehicle usage and the relevance of ridesharing is leading to customer and consumer demands for more services, greater personalization, car interior configuration and an enhanced mobility experience.
Also, the increasing prevalence of shared mobility services may give rise to a new customer segment with unique vehicle technology and design needs, including more flexible, durable and connected seating solutions for a wide range of passengers.
In addition to the employees mentioned above, our business also depends on our ability to attract and engage drivers, consumers, merchants, shippers and couriers, as well as contractors and consultants who support our global operations.
First and foremost, shared mobility service offerings compete with personal vehicle ownership and use, which account for the majority of passenger miles traveled, and with traditional transportation services, including cab companies and on-demand cab services, car rental services and other car services.
In addition, public transportation can be a superior substitute for mobility supply and, in many cases, offers a faster and lower cost travel option in many cities.
Uber competes with other ridesharing companies, including some of its minority-owned subsidiaries, for drivers and users, such as Lyft, Ola, Didi, Bolt and its joint venture Yandex.
Notably, Uber is one of the largest open work platforms in the world, providing accessible and flexible work in approximately 70 countries.
Drivers are key players in the markets Uber has created through its apps.
From this company’s point of view, a diverse set of people choose to use its platform to earn income without having to apply for, or work the fixed hours associated with traditional employment.
Uber considers this flexibility to be an improvement over traditional work schedules and is something it believes can and should continue to be available to anyone who chooses platform-based work. Uber monitors regional and global driver attraction, retention and satisfaction rates.