Logistics – An Inevitable Mechanism Towards Prosperity Across World Economics

Abstract

Transportation, supply, direction, location, delivery, time, goods, and destination - all the stated terms are not only closely related but are deeply rooted when the term logistics is heard, whether, in a developed, developing, or under-developed country, on any continent around the world. The change and adaptation of this mechanism is inevitable for growth and development of each and every economy as an individual or economies as a group across the world. So, the modes of logistics across the globe needs an brief and in-depth understanding the means, modes, and models that have been applied for the use of effectively, efficiently, and economically used of these logistics channels. This paper tosses an overview insight about the modes that are being utilized by various global economies for better transportation to and from procurement of raw materials till the end delivery of finished goods to the ultimate consumers. It helps to identify the parameters that are essential in developing an effective trade corridor by exploring the pros and cons of logistics among diverse economies.

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Material and Immaterial Flows

KEYWORDS

Logistics, Transportation, Economies, Modes, Data Mining

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