Maritime Logistics - Essay Example

Only on StudentShare

Extract of sample
Maritime Logistics

Therefore to not merely survive, but to grow throughout the crisis, K&X must develop mechanisms to benefit from opportunities that this environment has created. Prior to the crisis, K&X should have allocated resources to a crisis management plan that will maintain its current operations in a financially constricted environment with limited allocated of additional resources during the actual crisis. By conducting this preparation in more ordinary financial environments, K&X ensures that it will maintain relevance during challenging times while its industry peers are caught more unaware and must then engage in cost reduction measures to maintain their core business operations (Shim, Siegel & Dauber, 2008).
Having already ensured its relevance and continuance in a challenging environment, K&X will then be poised to better recognize and exploit opportunities as they arise. This is particularly valuable as few new ideas, products, or processes are introduced to market in times of crisis. Most other organisations in the industry will be developing or implementing new services, allowing K&X a unique opportunity to fill that void (Griffin, 2008).
In order to position itself favourable in a challenging environment, K&X must first develop and maintain a crisis management p ...
Download paper


Maintaining business operations in a financially constricted environment presents a number of unique issues to an organisation and presents a number of challenges (Kao, 2007). While such an environment does create opportunities, exploiting those opportunities is often difficult to manage, most often due to a limited resource base…
Author : ydonnelly

Related Essays

The use of logistical systems and supply chain of an international companys European supply chain business operations
According to the research it was in the year 1993 that the single European market had come into its existence that initiated trade and practice across the borders. The barriers that earlier existed in the customs between 12 different countries including Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain and the UK, were removed with the single European market. Thus, moving goods from one location to another became a free option for all these countries. However, in regard to the logistics and supply chain functions associated with the trade...
25 pages (6275 words) Essay
Critically Analyse the Evolving Role of Ports as Logistics Hubs in International Supply Chains
Case Example - Role of Rotterdam Port as a Logistic Hub in International Supply Chain 10
10 pages (2510 words) Essay
Trends in International logistics/ exports - import
Another recent development has been the gradual reduction in trade transaction costs and the time needed to clear goods. It is estimated that in 2006, an average of 17 days and $842 were required to seal an APEC outbound transaction for one container. In 2010, a similar transaction, on average, required no more than 15 days and 856 to complete. A third change Panama Maritime Chamber membership became open to ship owners around the globe whose ships are registered in Panama. The move is geared towards providing ship-owners with networking, education, and information. Technology Among...
3 pages (753 words) Article
Shipping Logistics in the UK
Data for the research will be gathered from both primary and secondary data where all participants will be selected randomly to reduce biasness in the research. Questionnaires will be used to help in data collection where telephone interviews will be used to help reduce cost of travelling. After data has been collected it will be analyzed using computer programs such as Ms. Excel and SPSS and presented using tables and graphs. Confidentiality will be observed as a strategy for enforcing ethics sin research. Background of the Research The term shipping has changed from what it was associated...
6 pages (1506 words) Essay
Large organizations such as Wal-Mart owe their success from effective product distribution path design that has enabled them to make autonomous sales and to maintain loyalty from its esteemed customers. An effective distribution path ensures that products are available to the customers and that they are easy to access at any given time. Wal-Mart has put a great emphasis on supply chain management to beat the competition that exists within the global markets to maintain its dominance in the business environment. This article seeks to evaluate how Wal-Mart has managed to utilize supply chain...
8 pages (2008 words) Research Paper
Turkish Maritime Cabotage Rights
The Republic of Turkey is strategically placed in an area between the Asian, African and European continents and the three sides of the country are encompassed by the Mediterranean Sea to the south, the Black Sea to the north and the Aegean Sea to the west. The Turkish Straits is the only water route between Black Sea and Mediterranean and have unique physical, hydrological and navigational conditions (Unescap, Turkey Report 2000/2009). It has been recently contended that the volume of traffic flow in the Straits have exceeded limits of safe navigation as there has been an increase in the...
8 pages (2008 words) Research Proposal
Got a tricky question? Receive an answer from students like you! Try us!