What is a logistics market?
Logistics market includes all the activities of the supply chain such as transportation, customer service, inventory management, flow of information and order processing. Some other activities of the supply chain are warehousing, material handling, purchasing, packaging, information and maintenance among others.
What are logistics strategies?
A logistics strategy is a set of principles, attitudes and driving forces that guide the coordination of plans, goals, and policies between the partners across a supply chain.
What are the innovations in logistics?
Elastic Logistics. Geolocation Technologies. Internet of Things (IoT) Last-mile Delivery.
What are the emerging trends in logistics?
In recent years, several strategic and technological changes have had a marked impact on logistics. Among these, three are worthy of mention: globalization, new information technologies and e-commerce.
How is AI used in logistics?
In logistics, AI unlocks Big Data’s true potential. Using the power of Big Data, logistics companies will be able to make accurate predictions and improve their performance. It can also be used for enhanced predictive analytics and improved automation to drive strategic decisions.
What are the objectives of marketing logistics?
Many companies state their market logistics objectives as “getting the right goods to the right places at the right time for the least cost.” This means a market logistics system has to simultaneously provide maximum customer service at the minimum distribution cost.
What are the new trends in supply chain management?
Top 11 Supply Chain Trends You Need to Know in 2020
- Supply Chain Digitization.
- Supply Chain Solutions Will Continue to Move to the Cloud.
- Omnichannel Supply Chains Become the Norm.
- Sustainability Is Becoming Essential.
- Growth in Circular Supply Chains.
- Agile Supply Chains.
- Internet of Things.