Strategic Development of the International Transport Market

Abstract

The current state of the international transport market is considered in the article. It has been established that the transport industry has been significantly affected by quarantine restrictions through Covid-19. At present, in a harsh crisis environment caused by quarantine restrictions through Covid-19, all sectors of the world economy have been affected. As expected, passenger turnover decreased in January and May to half of last year and will resume in direct dependence on quarantine measures. The most serious losses are in the railways and aviation, while road transport and public transport in the cities feel somewhat better. Significant reductions are expected in terms of traffic. Thus, international transportation will be reduced by 30–40% due to quarantine restrictions and falling industrial production. Currently, the international transportation market is in crisis. The use of the main strategies of modern transport enterprises operating in the market of international transport was studied. Such strategies are: offensive strategy; adaptation strategy; defense strategy; survival strategy. It is established that these strategies do not fully satisfy the activity of transport enterprises in modern conditions. Analysis of the economic aspect of the external environment allows us to understand how economic resources are formed and distributed at the state level. For most companies, this is the most important condition for their business activity. The main problems of the modern transport industry in the current crisis are identified. It was also determined that the strategies that are popular in the activities of international transport companies, after quarantine restrictions do not perform their function and require careful rethinking. This makes it necessary to use the strategy of “Innovative development of the transport industry and global investment design”. It is proposed to use the strategy of innovative development of the transport industry and global investment design in post-flood conditions, which will create a favorable investment climate in the international transport market.