Logistic industry is considered as one of the vital industries in the world and is an essential part of the effective supply chain management of international firms. More than 75% of the world trade is carried out through sea therefore the importance of maritime is really…
Maritime logistics industry itself is going through a very subtle but important change which will make it critical for the leading industry players to prepare them strategically in such a manner that can allow them to develop sustainable and progressive businesses in largely volatile business environment. Our target company which emerged from being a small player to one of the key international player only because of the management of the most important key drivers in such a manner that it allowed to develop its strengths and potential to dominate the market. The fact that company has been able to withstand the pressures of the current financial crisis itself is one of the ample proofs of how a successful company can actually sustain the external pressures and develop its internal strengths to achieve the success.
Some of the issues that have been discussed in part 1 of this report focused on the understanding of the basic characteristics of the industry as well as to study and understand as to how the company has been working over the period of time and what are some of the risk factors that can contribute towards increasing the overall risk of the investment opportunity. As such there is a need to have a broader understanding of the factors identified in part 1 of this report so that a comprehensive and to the point understanding of the critical success factors can be developed for making better and more informed decisions.
Our target company is also one of the firms which has been able to successfully withstand the economic pressures because of the fact that it has strategically developed itself to a point where it is relatively more stable and resilient against the changes in economic conditions. The target firm therefore is one of such firms which will contribute positively towards value creation if all the risk factors and critical issues are factored in accordingly.
Some of the issues that have been discussed in ...
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(“Maritime Logistics Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
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(Maritime Logistics Essay Example | Topics and Well Written Essays - 3000 Words)
“Maritime Logistics Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.net/miscellaneous/399420-maritime-logistics.
Maritime logistics is among the most viable investment that a company can make. The returns involved in the business sector are usually high if a business is able to conveniently position itself in the industry to wade off the stiff competition in the industry.
According to Norilsk (2012), union workers in major ports along the coast demanded a pay increase accompanied by other allowances packages, failing which they planned to stage a major strike within the port facilities. Major stakeholders involved in addressing the strike issue included the US Maritime Alliance and the International Association for Longshoremen.
Changing patterns of the demand of customers, economic slowdown of several countries, and increasing political and environmental challenges are forcing the global airlines to implement change strategies in order to maintain and secure their market share within the competitive industry.
The air transport mechanism has colossal significance and importance as trade and business transactions through this mechanism has remarkable value. The international trade specifically is carried out through airlines. The issue of high cargo cost as compared to water shipment is often uplifted but air cargo service is more swift and rapid in nature.
The ship is expected to be re-delivered to the bright star shipping company at Hong Kong, whereupon a choice concerning possible voyage charters must be made. If the ship arrives at Hong Kong, in order to undertake either option for employment the ship must initially traveled to another port.
Additionally, such a constricted environment forces most organisations into a self-preservation mode where they focus resources and energy into developing strategies merely to continue business operations. This orientation on strictly maintaining operations then causes the business to lose sight of opportunities and miss the chance to exploit them (Shim, Siegel & Dauber, 2008).
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