Abstract
The purpose of this paper is to provide a systematic review of the relevant literature concerning global transportation and logistics management. While the current trade war with China remains at the forefront of the challenges that are faced by the global transportation industry, the research that follows makes it clear that international trade is the key to economic growth. The major findings that emerged from this review included the enormous growth that is being experienced by the global transportation industry which is expected to nearly double in revenues by 2023, as well as innovations in technologies that have improved the efficiencies and effectiveness of logistic management. In addition, more goods are transported over roadways than waterways, and these trends are expected to continue well into the foreseeable future. Finally, the research that follows also makes it clear that the global transportation industry practitioners must remain vigilant to identify additional technological innovations that can further improve the efficiencies of logistics management at every level.
Global Transportation and Logistics Management
Notwithstanding the recent trade wars between the United States and China, international trade remains the key to building stronger ties between countries and fueling global economic growth. Against this backdrop, identifying opportunities to improve the logistics management involved in global transportation represents a valuable and timely enterprise. To this end, the purpose of this paper is to provide a review of the relevant literature concerning global transportation and logistics management, including recent and current trends. Finally, a summary of the research and important findings concerning these issues are presented in the paper’s conclusion.
Review and Discussion
According to the definition provided by Techopedia, logistics management is “a supply chain management component that is used to meet customer demands through the planning, control and implementation of the effective movement and storage of related information, goods and services from origin to destination” (Logistics management, 2018, para. 2). Although specific vary by venue and type of commercial operations, logistics management typically involves several common components including the following:
· Selecting appropriate vendors with the ability to provide transportation facilities
· Choosing the most effective routes for transportation
· Discovering the most competent delivery method
· Using software and IT resources to proficiently handle related processes (Logistics management, 2018, para. 3).
Whether by land, sea or air, logistics management is challenging but critically necessary for efficient global transportation. In this regard, Feng and Yuan (2009) emphasize that, “Global logistics in business operation is playing a...
References
Allen, A. (2016, November 5). Logistics industry to be worth $15.5 trillion by 2023. Supply Management. Retrieved from https://www.cips.org/en/supply-management/news/2016/ november/logistics-industry-forecast-to-be-worth-155tn-by-2023/.
Berman, J. (2017, January 26). 2016 global transportation and logistics. Logistics Management. Retrieved from https://www.logisticsmgmt.com/article/2016_global_transportation_ and_logistics_ma_heads_down_says_pwc.
Bolte, R. J. (2009, November/December). Global logistics/transportation: An evolving frontier of strategic value and total savings. Business Credit, 102(10) 74-79.
Chan, D. (2010, May/June). Global logistics: Are Canadian firms competitive? Ivey Business Journal Online. 37-38.
Feng, C. M. & Yuan, C. Y. (2007, December). Application of collaborative transportation management to global logistics: An interview case study. International Journal of Management, 24(4), 623-626.
Funder, M. & Hoyos, J. (2010, October-December). ITC's modular learning system in supply chain management: International Trade Forum, 4, 3-7.
Logistics management. (2018). Techopedia. Retrieved from https://www.techopedia.com/ definition/13984/logistics-management.
Mabuyakhulu, M. (2009, April). Aiming for global markets. African Business, 21
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