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Why are international shipping and logistics the important things in the world today?

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تم إضافة السؤال من قبل Yahya youseff , Nosco: National Transport & Overseas services Company
تاريخ النشر: 2017/06/04
Ashraf E. Mahmoud (PhD)
من قبل Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

In a very brief wording;

International shipping and logistics are very important nowadays worldwide, due to remarkable increase in the "International / Foreign Trade" transactions (number and value), especially after globalization, as this create the need of very specialized people / companies, who can professionally handling safely the transportation processes of goods exchanged from the seller  / export to the buyer / importer location.

Shihabudheen Abu Backer
من قبل Shihabudheen Abu Backer , Supply Chain Manager , BAUER KOMPRESSOREN GCC FZE

It’s a wide question, could be write a book on this subject. To brief, I will extract few reasons.

Improved ICT opened the ‘global market place’

Formation of corporate, conglomerates and SMEs

Research on cost reduction operation viability

They are focused on :

Overseas sourcing

Local unavailability, quality standards and local regulations / restrictions on productions

Availability of fast transportation methods

Lead time

 

These are few essential facts emphasis the importance of modern logistics and supply chain functions.

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