Faculty of Economics and Management
World and European economy The role of logistics and transportation sector
Authors:
2011 CULS
TABLE OF CONTENTS
Introduction
1. Logistics and transportation in global and individual economies
1.1 Major channel drivers
1.2 Competitive global marketplace of logistics and transportation
2. Logistics contribution to the economy
2.1 The close relationship between economic growth and logistics
3. Logistics and internationalization
Conclusion
Introduction
With the increasing globalization of economic activity and rapid development of Information and Communication Technology, businesses are seeking to develop and organize strategic, efficient and world-wide networks. These networks, which are often referred to as global logistics, focus on integrating product sourcing, production and distribution.
In order to promote such global logistic networks, which are also compatible with sustainability objectives, governments need to develop and implement cohesive transport policies both individually and collectively. New strategic uses of logistics will continually alter the nature and culture of operations in companies; governments will have to match these changes. However, it is important for governments to fully understand concepts of logistics and to stimulate economic competitiveness to achieve positive economic development. At the same time, governments need to reduce any negative impacts, so as to achieve a more balanced approach to economic growth, including sustainable development.
This report discuss the importance of logistics and transportation sector in the global world economy for the economic development process; identifies the major contributions of logistics and transportation to an economic development with the reference to specific examples; makes an overview of provision of logistics infrastructure.
The importance of logistics and