Summary
The paper delves into the Global Logistics domain with particular emphasis on EU-USA comparison. First there is a brief overview, which highlights role of global logistics and its progressive development. Some of the key factors of logistics are discussed. At the end there is a conclusion with recommendations.
Global Logistics: An Overview
The logistics industry is a critical sector within any economy. Its excellence is increasingly an important differentiating factor in many business environments. Logistics is defined as the broad range of activities concerned with effective and efficient movement of semi-finished or finished goods from one business to another and from manufacturers/distributors/retailers to the end consumers. The activities include freight transportation, warehousing, material handling, protective packaging, inventory control, order processing, marketing, forecasting, and customer service. In the 1999, the logistics industry was estimated at $2 trillion globally. Logistics costs on average account for 10-15% of the final cost of the finished product. Globalization on sustainable mobility places the emphasis on trade, e-commerce, and tourism. More examination tells e-commerce to be mostly irrelevant and far more positive value to GDP than it is a negative impact on sustainable mobility. (William, 2004)
The logistics industry in the industrialized world is being gradually transformed as a result of the following developments:
- Focus on core competencies driving increased logistics outsourcing
- Increased globalization-driving traffic to growth;
- Information technology driving logistics service innovation.
Supply chain management and its territorial effects showed that the supply chain management is too complex for a single firm to be managed. Thus outsourcing is the solution and this increases the logistic sector and its market. The logistic sector is undergoing a deep process of concentration in a few TPL at world level as an effect of both internationalization of production and use of information technologies in the.....
