Logistics Management in Ocean Shipping

Masters
Essay
Business
Pages 13 (3263 words)
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The evolution of globalization has led to many changes in the global environment related to human beings. The trend has resulted in mass movement of men and material from one place to another. Steve Agg, Chief Executive of Pulse Communications states that change is constant in our lives which are evident more in the world of logistics…

Introduction

The issues like climate change dominate the future and result in headlong rush of western economies to offshore manufacturing to lower cost countries in the east. Further financial cost of delivering goods across the world has always been a fundamental element of trading and decisions of logistician is largely influenced by high environmental costs (www.pmcontent.com)1. Magee et al (1985:1) mentioned that high quality and high efficiencies have become the characteristics of the production and physical distribution operations of many foreign competitors concerned the companies in United States challenging some of their basic tenets. According to Frazelle (2001:10) global logistics is the flow of material, information and money between countries connecting suppliers' supplier with customers' customer internationally. Global logistics flows have increased dramatically during the last several years due to globalization in the world economy expanding use o trading blocs and global access to Web sites for buying and selling merchandise. It is much more complex than domestic logistics due to multiplicity of handoffs, players, languages, documents, currencies, times zones and cultures that are inherent to international business. ...
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