AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Oliver Wyman Forum Ranks Which Cities Will Lead the Mobility Revolution

November 26, 2019

PARIS--(BUSINESS WIRE)--Nov 26, 2019--

Singapore tops Oliver Wyman Forum’s inaugural Urban Mobility Readiness Index: How Cities Rank on Mobility Ecosystem Development. The index ranks 30 cities on how prepared they are to incorporate the latest mobility technologies and what they are doing to reshape urban mobility. The top five cities are Singapore, Amsterdam, London, Shanghai, and New York.

“Cities destined to become tomorrow’s mobility leaders are forward-thinking and user-centric,” said Guillaume Thibault, an Oliver Wyman partner and one of the creators of the new index. “They take a data-driven approach and work with the private sector to find solutions.” The research was conducted with The Institute of Transportation Studies at the University of California, Berkeley.

The index analyzes existing public and private mobility networks; current regulation, policy, and infrastructure; a city’s livability; and its capacity to absorb future technologies. While the index attempts to rank the outlooks for various cities, the research also provides best practices and concrete strategies that will allow cities to upgrade their offerings with a goal of transforming urban mobility from a challenge into a competitive economic advantage.

There is no one-size-fits-all solution when it comes to urban mobility because no two cities are starting from the same point. For example, cities around the world operate at vastly different stages of development when it comes to mobility. In Los Angeles, 89 percent of travel involves a car, while in Hong Kong only seven percent does. In Amsterdam, 60 percent of people get around by cycling or walking; in Mexico City, 70 percent take mass transit.

Key to success for cities is a focus on the development of mobility ecosystems that provide a holistic framework to incorporate advanced technologies and create seamless, multimodal networks. Another pivotal element for cities is working closely with academic and private sector mobility research efforts and testing the latest technologies.

Why Singapore is on Top

Singapore ranks number one in the index because it recognizes the importance of building ecosystems, private sector and research partnerships, and infrastructure investment. It has been a pioneer in reducing traffic congestion through various initiatives and has adopted an aggressive approach to integrating cutting-edge technology with progressive transportation policies. The region is leading the way in the latest mobility tools, platforms and services, as well as autonomous driving and real-time, digitized traffic management.

While most of the top 10 represent sprawling metropolitan areas, Amsterdam, the index runner-up, stands in stark contrast, because of its relative compact size and population. Like many other top-scoring cities, it is known for its robust infrastructure, extensive public transportation system, and efforts to downplay the automobile as a transport mode. In recent years, it has adopted policies to foster electric and autonomous vehicles, increase the number of charging stations, and encourage alternate modes of transportation, particularly bicycles. The city has attracted considerable private investment which is helping it with a large-scale smart city initiative as well as the development of a domestic mobility industry.

Additional key findings:

“Municipal governments see the need to become increasingly proactive and agile in the evolving mobility landscape. Cities see the benefits of re-focusing on the basics of public transportation and infrastructure development in order to lead in the next generation of mobility,” said Professor Alexandre Bayen, director of the Institute of Transportation Studies at the University of California, Berkeley. “Cities who embrace technology and have proactive regulation will become leaders in the mobility revolution.”

The index was launched today at the inaugural Global Mobility Executive Forum event in Paris, which featured two days of discussions among leaders from industry, technology, academia, finance, and non-governmental organizations worldwide on ways to address the complex challenges posed by the global mobility revolution. Several upcoming Executive Forums on mobility are planned. For additional details, please click here.

About the Index

Oliver Wyman Forum selected an initial set of 30 global cities for in-depth analysis across five categories: social impact, livability, system efficiency, innovation, and market attractiveness. The research is being conducted with the Institute of Transportation Studies (ITS) at the University of California, Berkeley.

About Berkeley ITS

The Institute of Transportation Studies at the University of California Berkeley was created in 1947 by the State of California to support research efforts related to future mobility. It is an organized research unit on campus, comprising 7 research centers, a start-up accelerator program, a technology transfer program, a library and testing facilities for automated vehicles. It employs over 200 faculty, researchers and technical staff, focused around verticals of mobility, which include digitalization, automation, electrification, the shared economy, policy, planning and finance.

About the Oliver Wyman Forum

The Oliver Wyman Forum is committed to bringing together leaders in business, public policy, social enterprises, and academia to help solve the world’s toughest problems. The Oliver Wyman Forum strives to discover and develop innovative solutions by conducting research, convening leading thinkers, analyzing options, and inspiring action on three fronts: Reframing Industry, Business in Society, and Global Economic and Political Change.

Together with our growing and diverse community of experts, we think we can make a difference. For more information, visit www.oliverwymanforum.com

About Oliver Wyman

Oliver Wyman is a global leader in management consulting. With offices in 60 cities across 29 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005743/en/

CONTACT: PR Contact:

Francine Minadeo

Oliver Wyman

Direct: 212-345-6417

Mobile: 917-573-8826

Francine.Minadeo@oliverwyman.com

KEYWORD: UNITED STATES FRANCE SINGAPORE NORTH AMERICA ASIA PACIFIC EUROPE CALIFORNIA NEW YORK

INDUSTRY KEYWORD: TRANSPORTATION AUTOMOTIVE URBAN PLANNING CONSTRUCTION & PROPERTY TRAVEL STATE/LOCAL PUBLIC TRANSPORT RAIL TRANSPORT GENERAL AUTOMOTIVE PUBLIC POLICY/GOVERNMENT

SOURCE: Oliver Wyman

Copyright Business Wire 2019.

PUB: 11/26/2019 01:45 PM/DISC: 11/26/2019 01:45 PM

http://www.businesswire.com/news/home/20191126005743/en