TRANSPORTATION & LOGISTICS FIELD --
Challenges Issues, and Trends in the Logistics and Transportation Field
The complexity of logistics in terms of the split channels, a higher variance in products and demand for customer focused solutions has been on the rise. There have been several trends that indicate that there are many challenges down the line as global trade becomes even more interactive and complex (Editorial Staff, 2013).
Trends
Studies point to the following trends.
Emergence of New Technology: Most companies have realized that there is need to make use of new technology. Research shows that 60% of major companies plan to invest heavily in data analysis tools in the coming five-year period. The tools are meant to enhance a holistic handling and precise and proactive connection of data so as to boost control and planning outcomes (Editorial Staff, 2013).
A Structural Change Freight by Air to Freight by Sea: The latest developments bear evidence to the fact that there has been an increased tendency to make use of sea freight compared to air freight. Air freight continues to be favoured when it comes to high value and low volume merchandise. Companies are increasingly searching for cheaper transportation options. The latter trend explains the shift in the preferred mode of transportation...
Army has been modernizing its logistics function for the past half century, and a wide range of legacy systems remain in place. For example, logistics automation systems, collectively termed the Standard Army Management Information Systems (STAMIS) have been deployed by the combat service support community to provide improved logistics support to warfighters. Although these systems have proven valuable to warfighters in the field, supporting these legacy systems has become a
Macro-Environment Socio-cultural and demographics Demand for green products Legislation Economic environment Technology Business Level Strategy Protection from the Five Forces Threat of New Entrants Competition Substitutes Supplier Power Competition The building of relationships Business partners/transactions Strategic management Improved value chain Inbound logistics Manufacturing operations Outbound logistics The sales and marketing techniques The virtual value chain The macroeconomic environment of any enterprise is indeed a very vital thing to all the operations of the enterprise. This is brought about by the fact that both the present and the future operations of the business
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