Transportation and Logistics Management
This week you will discuss transportation and logistics management and its impact on various economic activities. For example, how does transportation and logistics management impact a retailer getting their product on the shelf? How does their distribution network affect their ability to generate revenue as well as provide sustainability in their local economy? You will have to conduct online research to identify the various economic activities in relation to TLM and within the context of the retail industry. Discuss in detail and provide sources to support your thoughts, insights, ideas, and statements. Complete this Discussion by providing a discussion of the economy and your project topic. How does the economy affect your project topic? Is this effect beneficial or detrimental? Why? If beneficial, is there room for improvement? If detrimental, what do you foresee as solutions? Minimum 300 words. Abstract from my project: Transport and logistics management has been facing several challenges. The paper includes a literature review that addresses the processes involved in the transport and logistics industry. These companies transport the goods from the manufacturers to the final consumers. This paper will address the challenges faced in this industry and the effects these challenges have had on the companies. These challenges include government regulations, adoption of sustainable solutions, shortage of drivers, and fluctuations in fuel prices. This paper will also address the solutions these companies in this industry can adopt to overcome these challenges. These include optimizing the systems, maximizing the fleets, adopting software systems, and observing the emissions to ensure they help conserve the environment.
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