L1: Introduction Flashcards
1
Q
What are general drivers for the development of
logistics services and firms?
A
- International trade
- Infrastructure
- Technology
- Rules and regulations
- Organizational knowledge
2
Q
Why are logistic firms important?
A
- They create value
- They can reduce your cost
- They enable you to deliver on time
- They can enhance customer satisfaction
3
Q
How is ‘international trade’ impacting the need for log firms?
A
– Large increased international volumes
– Problems in need of large investments in airports, harbors, railways, roads, terminals and etc.
– Need of new systems and firms
4
Q
How is ‘new infrastructure’ impacting the development for log firms?
A
- More ports and they are bigger
- 90% of world trade is carried out by the international shipping Industry Ports of Shanghai, Singapore, Hongkong, Rotterdam, Dubai, New York, Mumbai, Tokyo and Perth
- Airports growth specifically in other areas than US and Europe (Look at East Asia and Middleast)
- Increasing investments in railway tracks in Europe
- Bridges and tunnels are planned and developed
5
Q
In which four ways is technology changing logistic firms?
A
- Shipment Tracking Systems
- Internet of Things (IoT) and Radio Frequency Identification (RFID)
- Autonomous Trucks and Drones
- Social Media
6
Q
How are international regulations shaping logistic firms?
A
- Regulation of means of transportation – air, shipping, road, rail
- Rules and regulations for geographical areas- EU, for US, Asia, Africa?
7
Q
How is organizational knowledge shaping logistic firms?
A
- Knowledge about logistics in industrial firms
- Economies of scale and scope exploited
- Degree of outsourcing
- Knowledge of foreign markets conditions
8
Q
What other 4 regulations not related to means of transportation and geographical areas could possibly impact logistic firms?
A
- Sustainability regulations
- Competition regulations
- Regulations on Working hours
- Restriction on starting new business
