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Logistics refers to the process of planning, implementing, and controlling cost effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of meeting customer requirements. The key element in a logistics chain is the transportation system, which joins the separated activities together. Transportation, as one of the world’s largest industries, is fundamental to economies around the world. |
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This sector covers airfreight, shipping, rail and road transports. Only an efficient coordination between each component will maximise the benefits.
Since mid-2007 the whole transportation sector has been under extreme pressure globally. Further to the increased globalisation, new intense demands were placed on the transportation and supply chain sector. Consumers’ increasing expectations and demands for services at the lowest prices have forced companies to reshape their business model in order to deliver excellence while striving to reach break even.
Deloitte Global: