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Financial Breakdown of the Global Logistics Market

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As a follow-up to last week’s post on Supply Chain and Logistics Management, we are sharing another piece from Cerasis again in words and pictures.  This piece is a breakdown of the value of the global logistics market.  According to the piece, “logistics is, by definition, a functional system which consists in combining and coordinating the operations of different modes of transport as a fundamental pre-requisite for ensuring efficient service. In other words, logistics is defined as a business planning framework for the management of material, service, information and capital flows.”

The reason for logistics is driven by customer expectations and the following “six rights of logistics”:

  1. the right product
  2. in the right quantity
  3. in the right condition
  4. to the right place
  5. at the right time
  6. for the right cost

The piece continues with the origin of logistics and considerations involved in the decision to outsource any portion of the supply chain.  It then completes with a very interesting and informative infographic titled “The Global Logistics Market”.   Click here to read the full article.

 

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