It basically refers to the management of the activities for the collections of raw materials to the production at the factories to the distribution of these goods. The manager must coordinate with all of these pieces in a cordial manner for the effective management of the supply chain (Mentzer, 2001).
Logistics Management is widely known concept in the global world. All companies rely on the logistics for the efficient flow of the goods and services. For Example: Industrial manufactures rely heavily on these logistics for the transportation of the mass-produced items. At the same time, the consumer goods manufactures want their goods to be delivered to the outlets and warehouses before the customer calls for it. Therefore, Logistics management has now evolved into one of the most important links in the supply chain process (DHL, 2010).
Logistics refers to the part of the supply chain management that plans, implements and processes the flow of the goods and services from the source to the end consumer. It includes both thee forward and reverse flow as well as the storage of the goods. The vital elements of this part include all modes of transportation, inventory control and storage, packing and flow of information. Figure 1 shows the costs and investment in different sectors’ logistics departments.
Climatic Change takes place over millions to thousands of years. It is a statistical shift of weather and climate that takes place, changing the environment of the earth. When analyzed over hundreds of years, the climatic conditions have patches of climate having similar qualities and properties. The shift from one climate to another climate takes place slowly and gradually in order to maintain the ecological system. The biggest climatic change that is being anticipated these days and is mostly in the news is global warming. It is a shift towards a hotter climate due to the green house gases ...
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Significantly, climate change predictions give man knowledge of the future; and these predictions cannot compared to magic, neither are they opinions or speculations.(Ricky, 2008, 1) Climate predictions are based on investigation in the field of science i.e.
The Arctic has been found to be the most vulnerable region to climate change. On the current trajectory, this region is already experiencing some of the most severe and rapid climate changes on the globe. However, effects of climate change in the Arctic have also brought in their wake prospects of oil, gas and mineral discoveries.
The climate system evolves in time under the influence of its own internal dynamics and due to changes in external factors that affect climate (called 'forcings'). External forcing includes natural phenomena such as volcanic eruptions and solar variations, as well as human-induced changes in atmospheric composition.
The impacts of globalization require constant adjustment to the way in which business is done and always with an eye to the next change that is certain to come along. It is further mentioned that the fuel of future is just one of the many issues that logisticians have to contend with and putting this alongside the environmental pressures that pose significant challenges in securing the supply of goods and services.
Logistic Management, therefore has becomes a focal point of a global supply chain system. This requires a synchronization of all transactions, whether relating to raw materials or finished goods, with continuous monitoring through a
ibes climate as the aggregate changing mean pattern of atmospheric conditions over a long period characterized by the states and developments if the weather in a given area (p.2). Climate had cooled and warmed over million years ago long before the human race appeared on it.