Transport and Logistics sector is a growing industry throughout the world. Some countries are seeing an increase in their exports. Transport and Logistics are one of the fastest growing sectors in the Indian economy with a growth of about 10% per year in the last five years. For more insights about logistics companies, visit this page.
The global trade connectivity has increased due to technological advances and also due to political and economical reasons. With rapid development in technology and introduction of electronic gadgets the ways of transporting have also changed. Now everything from household products to machinery and vehicles to chemicals and equipments can be transported and logistics performance has become important for both exporters and importers.
The transport and logistics sector involve transport, warehousing and distribution activities. It involves three layers - supply chain, infrastructure and facilities management. It is vital for any company to enter level 2 of the supply chain. This means that they have to meet certain quality benchmarks. They must be able to meet the standards defined by the Organization for Competitive benchmarking of shipping goods across borders.
When we talk about the transport and logistics industry include three main parameters. These are time, cost and energy consumption. All these parameters are associated with the overall transportation cost. Time plays a key role in the transport and logistics industry. Moving things from one point to the other requires a lot of time and energy.
On the other hand, energy consumption is related to the transport and logistics performance. The use of chemicals, electricity, lubricants, fuels etcetera affects the transportation and logistics performance. Other parameters affecting the transport and logistics performance include quality, service and reliability. Quality of the goods being transported plays a vital role. On the other hand, reliability of the goods in the supply chain helps them complete their journey without any problems.
There are many different factors that determine the transport and logistics companies. These include quality standards, the regulations set by governments and the standards and objectives of an organization like the US Federal Aviation Administration. This information can be used by companies to improve the performance of their processes. The global market and the conditions prevailing in many different countries affect the way companies to transport goods. Therefore, many different things are taken into consideration in the transport and logistics industry.
An alternative post for more info on the topic here: https://en.wikipedia.org/wiki/Cross-docking.
