Verified Document

Analyzing Challenges Issues And Trends In The Logistics And Transportation Field Essay

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...

Some of the conspicuous users of sea shipment in the recent past include electronics dealers and pharmaceutical companies (Nevhagen, 2014).
Environmental Sensitivity and Sustainability Concerns: The effects of transportation and transportation systems on the environment are a raw and current issue in the modern world. There is no company that aspires global or local presence, but can afford ignore green maters. Customers are keen to see companies explore alternatives that have less devastating effects on the environment. Governments and legislative authorities are exerting more pressure on companies to comply with certain laid out policies in line with environmental conservation (Nevhagen, 2014).

Utilization of Logistics Solutions in the Open Market: Companies are making use of alternative logistics solutions by outsourcing supply chain and logistics management input. Companies have realized that if they secure the services of independent companies for their supply chain and logistics, they will have released a lot of working space and time to focus on their main operations and business in general. There are more logistics people who specialize on specific sectors. Since different sectors have varying supply chain and logistics demands, they are increasingly seeking companies that fit their bill and…

Sources used in this document:
REFERENCES

Ciemny, W., Closs, D. J., Costa, O., Davidson, J., Harrington, J., Lafrance, S., Law, A., Neel, W., Norek, C. D., Ravi, P., & Seiersen, N. (2005). Global Transportation Trends. Logistics Quarterly, Vol II, Issue 5, 1-29. Retrieved from www.logisticsquarterly.com

Editorial Staff. (2013, August 9). New Study Reveals Nine Key Trends of Global Logistics. Retrieved May 9, 2016, from Supply and Demand Chain Executive: http://www.sdcexec.com

Nevhagen, P. (2014, June 10). 5 global logistics trends. Retrieved May 10, 2016, from GreenCarrier: www.greencarrier.com
Cite this Document:
Copy Bibliography Citation

Related Documents

Improving the Logistics Function for Warfighters
Words: 8509 Length: 33 Document Type: Capstone Project

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...
Words: 7562 Length: 20 Document Type: SWOT

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

Strategic Analysis of Best Buy
Words: 4662 Length: 17 Document Type: Case Study

BEST BUY CO. INC. STRATEGIC ANALYSIS Strategic Analysis of Best Buy Current situation A- Current performance B- Strategic posture Corporate Governance A- Board of directors B- Top management External Environment: Opportunities and threats A- Natural physical environment B- Societal Environment C- Task Environment D- Summary of external environment Internal Environment: Strengths and Weakness A- Corporate Structure B- Corporate Culture C- Corporate resources D- Summary of internal environment Analysis of Strategic Factors (SWOT) A- Situational Analysis Strategic Alternatives and Recommended Strategy A- Strategic Alternatives Recommended Strategy Implementation Evaluations and control Part II Functional and Business strategies of

Blue Nile Inc. Analysis This
Words: 3051 Length: 7 Document Type: Case Study

The anticipated response to the threat posed by Blue Nile would be to counter it by providing wider and more affordable range than Blue Nile. Whiteflash.com They look forward to giving Blue Nile a stiff competition in the field of custom-made jewelry as well as building a larger client base through their return policy and upgrade incentives. Their strategy that seems to work for them now is having flexible terms for

History of Management Accounting Management
Words: 4082 Length: 15 Document Type: Term Paper

The mistake occurred when enthusiasts tried to use those data for other purposes such as 'strategic product decisions.' The average cost of production never could, and never will, be relevant for those classes of decisions where only the change in total costs and revenues are relevant. That is, the rough, average post calculations provided a guide for pricing unique one-off products or services, but were of no use for

Market Driven Management
Words: 25695 Length: 75 Document Type: Term Paper

Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now