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Unlocking the Potential of Vehicle Tracking for Small Businesses: From Simple Contracts to Lucrative Opportunities

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December 12, 2024
in Economy, Investing
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Unlocking the Potential of Vehicle Tracking for Small Businesses: From Simple Contracts to Lucrative Opportunities
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“Vehicle Tracking: The Key to Success for SMEs in the Growing Gig Economy”

London, Thursday 12 December, 2024 – The gig economy, valued at an estimated £450 billion globally, is providing an opportunity for small businesses to scale and compete by leveraging technology.

With 1.5 million Britons engaged in temporary or flexible roles, small and medium-sized enterprises (SMEs) are finding themselves at the forefront of this competitive market. For many SMEs, the challenge lies in maintaining efficiency while also maintaining trust and transparency with clients and contractors.

This is where vehicle tracking technology comes in, enabling SMEs to adapt and excel by offering enhanced visibility, operational efficiency, and improved safety.

Real-time tracking of drivers allows for fast responses to customer needs, precise resource allocation, and seamless service delivery. Route optimization reduces fuel consumption and administrative overhead, while also improving punctuality and reducing delays. Monitoring of driving behavior and compliance with road safety standards promotes responsible vehicle use and reduces risk.

In a fragmented workforce, the nature of gig work demands new levels of operational transparency. Real-time fleet visibility allows companies to monitor subcontractor performance, respond to customer demands with agility, and build trust.

Dan Mendis, CMO at Quartix, a leading vehicle tracking provider, says, “The gig economy presents both opportunities and challenges for small businesses. The ability to demonstrate reliability, efficiency, and sustainability is crucial for gaining credibility with larger organizations. At Quartix, we are proud to provide tools that help SMEs thrive in this evolving landscape.”

Platforms like Courier Exchange (CX) and Haulage Exchange (HX), which enable transport businesses to advertise freight capacity and subcontract jobs, offer integrations with live tracking providers.

“Live tracking enables freight transport and courier businesses to offer something unique: real-time visibility for every load,” says Lyall Cresswell, Founder and CEO of Transport Exchange Group, the company behind CX and HX. “By using telematics for digital freight matching, we help ensure the right loads are matched with the right vehicles quickly and efficiently. This combination of visibility and efficiency builds trust with clients and often becomes the deciding factor in winning contracts. It’s a win-win across the supply chain, benefiting everyone from carriers and shippers to their end customers.”

Sandra Long, Compliance Director at Syncro Fire and Security, explains how live vehicle tracking helps her company to deliver a fast, competitive service. “When materials are required at short notice, we use the engineers’ locations to find the nearest supplier. Once stock is confirmed, the information is relayed to our engineer so that they can go directly there. This saves the engineers time and aids productivity.”

Efficiency remains key to SME success, but as sustainability also climbs the agenda, tools that optimize routes and encourage responsible, fuel-efficient driving help businesses stay ahead. In this new era of work, it’s clear that technology is not just an enabler but a differentiator for SMEs ready to embrace the opportunities and challenges of the current gig economy.

For more information, contact 01686 806 663 or visit www.quartix.com.

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