Transport & Logistics
This is a fast-changing time for International Business. Trends toward globalisation, integrated logistics and development of ICT (information and communication technologies) are reshaping methods of global trade and, consequently, physical trade flows.
The rapid growth of e-commerce is driving up demand for transport, and logistics expertise is a key factor in the competitiveness of major corporations.
The sector is currently influenced by major dynamics:
- Consolidation to attain economies of scale
- Providing value added services to differentiate from competitors. Logistics service providers are expanding their range both upstream and downstream in the logistics value chain
- Development of partnerships: when they cannot expand their own fleet, a growing number of players are entering into partnerships in order to take up a position in transport and flow management
- Regulatory pressure geared toward reducing greenhouse gas emissions and controlling urban pollution