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Tracking Long-Term Risks and Opportunities

VTrans monitors to see how trends may impact the plan. This also helps guide smarter transportation decisions across Virginia.

Long-term Risk and Opportunity Register

VTrans Long-term Planning focuses on impacts facing Virginia transportation. In this case, “long-term” means over the next 20 years. These impacts come from four powerful forces called “Megatrends.” They are:
  • Climate
  • Technology
  • Consumption
  • Socio-demographics
Transportation agencies monitor these trends with a long-term risk register. It is created through five steps.
On This Page
Developing the Risk Register

The policy to develop a long-term plan includes five steps. Using these steps, a registry is created. It helps identify, analyze, and monitor impacts. That way, we can understand the powerful and transformative trends that affect us. This policy is in Chapter 6 of the VTrans Policy Guide.

Check out the VTrans Technical Guide: Development and Monitoring of Long-term Risk & Opportunity Register (v4) for details. Visit the DataExplorer to view the data.

Megatrends are powerful transformative forces. Macrotrends are emerging patterns of change. Based on literature review, these Megatrends and related Macrotrends have been identified.

Megatrend 1: Climate

  • Macrotrend 1: Increase in Flooding Risk

Megatrend 2: Technology

  • Macrotrend 2: Adoption of Highly Autonomous Vehicles
  • Macrotrend 3: Adoption of Electric Vehicles
  • Macrotrend 4: Growth in Shared Mobility

Megatrend 3: Consumption

  • Macrotrend 5: Growth in E-Commerce
  • Macrotrend 6: Greater Automation of Goods and Services

Megatrend 4: Socio-Demographics

  • Macrotrend 7: Growth of Professional Service Industry
  • Macrotrend 8: Increase in Workplace Flexibility
  • Macrotrend 9: Growth of the 65+ Cohort
  • Macrotrend 10: Population and Employment Shift

Measures are established for each goal to allow for quantification of macrotrend impacts

  • Metric for Goal A: Vehicles Miles Traveled (VMT) Index
  • Metric for Goal B: Shared Mobility Index
  • Metric for Goal C: Safety Index
  • Metric for Goal D: At-risk Roadways
  • Metric for Goal E: Tailpipe Emission Index

Now that the macrotrends have been identified, three impact scenarios are applied to each. The scenarios are:

  • Low
  • Medium—the most likely
  • High

A Long-term Risk & Opportunity Register is developed based on the guidance from CTB members, stakeholders, and subject-matter experts. This register helps organize and communicate a common understanding of risks and opportunities. It helps ensure a common strategy to meet the CTB goals. For the purpose of this register, the following definitions are used:

  • Risks: Uncertainties that could have negative outcomes
  • Opportunities: Uncertainties that could have positive outcomes

VTrans Trend Trackers that allow for annual monitoring and reporting are identified.

Macrotrend 1: Increase in Flooding Risk

  • Number of directional miles at-risk from sea level rise
  • Number of directional miles at-risk from storm surge
  • Number of directional miles at-risk from inland/riverine flooding
  • Annual cost of transportation repair due to flooding events

Macrotrend 2: Adoption of Highly Autonomous Vehicles

  • Market penetration of semi-autonomous (levels 1 and 2) vehicles
  • Attitude and preferences for adoption of semi-autonomous (levels 1 and 2) vehicles
  • Market penetration of highly autonomous (levels 3 and 4) vehicles
  • Attitude and preferences for adoption of highly autonomous (levels 3 and 4) vehicles

Macrotrend 3: Adoption of Electric Vehicles

  • Number of electric vehicles
  • Market penetration of electric vehicles
  • Attitude and preferences for adoption of electric vehicles
  • Transportation revenue by revenue source

Macrotrend 4: Growth in Shared Mobility

  • Access to shared mobility services
  • Utilization of shared mobility services by type

Macrotrend 5: Growth in E-commerce

  • Number of warehouse and distribution centers
  • Square footage of warehouse and distribution centers
  • Share of e-commerce sales (business-to-business, business-to-customers)
  • Number of jobs in goods movement dependent industries

Macrotrend 6: Greater Automation of Production and Services

  • Value output of 3D printing
  • Number of short-range drone deliveries
  • Number of long-range drone deliveries

Macrotrend 7: Growth of Professional Service Industry

  • Share of professional service industry
  • Number of STEM jobs

Macrotrend 8: Increase in Workplace Flexibility

  • Number of workers with workplace flexibility
  • Utilization of workplace flexibility

Macrotrend 9: Growth of the Age 65+ Cohort

  • Number of Virginians with age 65 or higher
  • Share of age 65+ cohort

Macrotrend 10: Population and Employment Shift

  • VTrans Land Use Vitality (LUV) Index
  • Population
  • Employment
  • Income
Total Impacts of Trends on CTB Goals

It is important to estimate the total impact of the four Megatrends on CTB goals. Again, these Megatrends are:

  • Climate
  • Technology
  • Consumption
  • Socio-demographics

Because there is uncertainty around predicting how these trends will develop, they are divided into three scenarios. They are low, medium, and high impacts.

VMT Index: Cumulative Impacts of VTrans Mega/Macrotrends on CTB Goal A

(VMT Index estimates change in Vehicles Miles Traveled (VMT) compared to the 2045 Business-As-Usual Scenario.)

Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.

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Shared Mobility Index: Cumulative Impacts of VTrans Mega/Macrotrends on CTB Goal B

(Shared Mobility Index estimates urban auto single-occupancy VMT switchable to Micromobility + Ridesourcing compared to the 2045 Business-As-Usual Scenario.)

Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.

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Safety Index: Cumulative Impacts of VTrans Mega/Macrotrends on CTB Goal C

(Safety Index estimates change in the number of crashes involving fatalities + serious injuries compared to the 2045 Business-As-Usual Scenario.)

Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.

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At-Risk Roadways: Cumulative Impacts of VTrans Mega/Macrotrends on CTB Goal D

(At-Risk Roadways estimates number of directional roadway miles at-risk from flooding.)

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Tailpipe Emissions Index: Cumulative Impacts of VTrans Mega/Macrotrends on CTB Goal E

(Tailpipe Emissions Index estimates change in tailpipe emissions Compared to the 2045 Business-As-Usual Scenario.)

Note: For readability, not all cities are labeled on the chart. There are additional cities between visible names. Hover over each bar to explore all locations.

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VTrans Risk & Opportunity Register

Here you can find the Policy for the Development and Monitoring of VTrans Risk & Opportunity Register. It identifies long-term risks and opportunities for Virginia’s transportation system due to the four Megatrends (Climate, Technology, Consumption, and Socio-demographic Changes).

Viewing 19 of 19 results

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  • Characterization: Risk
  • Macrotrend(s): Increase in Flooding Risk
  • Characterization: Risk
  • Macrotrend(s): Increase in Flooding Risk
  • Characterization: Risk
  • Macrotrend(s): Increase in Flooding Risk
  • Characterization: Opportunity
  • Macrotrend(s): Increase in Flooding Risk
  • Characterization: Opportunity
  • Macrotrend(s): Increase in Flooding Risk
  • Characterization: Risk
  • Macrotrend(s): Highly Autonomous Vehicles, Electric Vehicles, Growth in E-Commerce
  • Characterization: Opportunity
  • Macrotrend(s): Highly Autonomous Vehicles
  • Characterization: Opportunity
  • Macrotrend(s): Highly Autonomous Vehicles
  • Characterization: Risk
  • Macrotrend(s): Highly Autonomous Vehicles
  • Characterization: Opportunity
  • Macrotrend(s): Electric Vehicles
  • Characterization: Risk
  • Macrotrend(s): Growth in E-Commerce, Shared Mobility
  • Characterization: Risk
  • Macrotrend(s): Shared Mobility
  • Characterization: Risk
  • Macrotrend(s): Shared Mobility
  • Characterization: Opportunity
  • Macrotrend(s): Shared Mobility
  • Characterization: Opportunity
  • Macrotrend(s): Shared Mobility
  • Characterization: Opportunity
  • Macrotrend(s): E-Commerce
  • Characterization: Opportunity
  • Macrotrend(s): Automation of Production and Services
  • Characterization: Opportunity
  • Macrotrend(s): Increase in Workplace Flexibility
  • Characterization: Risk
  • Macrotrend(s): Growth of the 65+ Cohort
Frequently Asked Questions

Have more VTrans questions? Find answers on our FAQ page.

Long-term planning comes with uncertainty. The VTrans Long-tTerm Risk and Opportunity Register uses a risk-based approach to improve preparedness for Virginia’s transportation system.

This approach:

  • Considers potential positive or negative impacts, how soon they might occur, and their priority level.
  • Focuses on the most significant risks, the kind that deserve attention from top decision-makers.
  • Is widely used by major public and private organizations.
  • Creates an ongoing process to spot and address risks and opportunities before they happen.

The purpose is not to predict the future. The goal is to prepare for gradual or systemic changes that may affect Virginia’s transportation system.

The register focuses on policy issues, not specific projects or locations. It helps the CTB track risks and opportunities. The CTB can then act to reduce risks and build on opportunities. The register is updated each year through VTrans Trend Trackers.

Planning horizon:

  • VTrans looks ahead to the year 2045.
  • Virginia law requires at least a 20-year horizon (VA Code § 33.2-353).
  • Federal law also requires at least a 20-year forecast (23 CFR § 450.216).
  • Key CTB directions and actions:
    • 2018 : Study long- and mid-term funding viability, new technology, and resiliency of Virginia’s network.
    • 2020: Develop scenarios to test different future trends and identify long-term needs.
    • 2020 (July): Present framework for long-term needs.
    • 2021 (March): Reaffirm direction to create VTrans Strategic Actions tied to long- and mid-term needs.
    • 2021 (December): Adopt the Policy for Development and Monitoring of the VTrans Risk and Opportunity Register.

OIPI now provides annual updates on identified risks and opportunities.

The register highlights emerging transportation issues that could impact the CTB’s vision, goals, and objectives. It is used to:

  • Create Strategic Actions and set up monitoring activities.
  • Identify items needing immediate action, near-term preparation, or simply long-term observation.
  • Provide tools, methods, and techniques to localities, MPOs, PDCs, and other partners to raise awareness and improve collective preparedness.

The policy creates a business process that helps Virginia be better prepared to reduce risks and take advantage of opportunities.

Benefits include:

  • Risks and opportunities that are relevant at the local, regional, and state level.
  • Access to data and information that can guide local and regional decisions.
  • Tools like InteractVTrans DataExplorer for downloading jurisdiction-specific data.
  • Support from the GAP Technical Assistance Program on emerging trends.

Megatrend – A large social, economic, political, environmental, or technological change that forms slowly but can shape government and society for decades. Megatrends are the underlying forces that drive trends.

Macrotrend – An emerging pattern of change likely to affect state government and require a response. Multiple macrotrends can be linked to a single megatrend.

The register identifies four megatrends, each with related macrotrends:

  1. Climate
  2. Technological advancements
  3. Consumption patterns
  4. Socio-demographic changes
  • Trends – External pressures that directly or indirectly affect Virginia’s transportation system over the long term (20+ years).
  • Scenarios – Ways to capture uncertainty over a long planning horizon by exploring different possible futures.

In the VTrans Long-Term Risk and Opportunity Register, scenarios are used to show a range of possibilities, helping planners prepare for multiple potential outcomes.

The coronavirus pandemic has affected every part of the transportation system. This includes demand, safety, mode choice, and funding.

Many of these changes accelerated trends already underway. For example, telework grew quickly during the pandemic and remains popular, but it was already on the rise before COVID-19.

The VTrans Vulnerability Assessment is a screening-level analysis of how vulnerable Virginia’s transportation system is to current and future flood hazards. It focuses on risks from:

  • Sea level rise
  • Storm surge
  • Inland/riverine flooding

VTrans used an indicator-based approach based on the FHWA Vulnerability Assessment Scoring Tool (VAST). This method uses asset location and other key data to score three components of vulnerability:

  • Exposure – How close an asset is to a flood hazard (its location relative to the stressor).
  • Sensitivity – How much damage an asset would take if exposed, compared to other assets.
  • Adaptive Capacity – How well an asset can adjust, limit damage, take advantage of opportunities, or cope with impacts.

For more on data sources and technical methods, see the Technical Guide: Development and Monitoring of VTrans Long-term Risk and Opportunity Register.

This is a screening-level assessment of how vulnerable Virginia’s transportation system is. It focuses on all public roads and VDOT-maintained bridges and culverts in the National Bridge Inventory (NBI). The assessment looks at projected sea level rise, storm surge, and inland/riverine flooding.

Limitations:

  • It is not meant to create location-specific recommendations. More detailed, site-specific data is still needed.
  • Transportation is only one part of an area’s infrastructure. Broader assessments should include other physical and social systems because some solutions may require system-wide measures such as perimeter protection.
  • Some important datasets are incomplete or unavailable. This conservative approach may include a few false positives, such as elevated areas mistakenly flagged as at risk.

The purpose of the assessment is to narrow down potentially vulnerable facilities. It does not replace planning or engineering judgment.