Role of Technologies in Import and Export of Goods
Irfan Ul Haq (),
Scott Douglas McDonald and
Mohammedreza Akbari
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Irfan Ul Haq: RMIT University
Scott Douglas McDonald: RMIT University
Mohammedreza Akbari: James Cook University
Chapter Chapter 6 in Transforming Logistics in a Developing Nation, 2024, pp 191-209 from Springer
Abstract:
Abstract Logistics, a critical subset of the supply chain, refers to the storage and movement of physical goods within the supply chain. This chapter focuses on technology's role in importing and exporting goods. Rapid technological advancements have opened remarkable opportunities for the logistics and supply chain sectors across the globe. Logistics has propelled the sector to become one of the most rapidly growing segments worldwide. With the emergence of industrialisation and flux of e-commerce platforms, businesses can now offer an array of services worldwide. This shift towards the use of technologies to import and export goods and services internationally is streamlining the supply chain by mitigating numerous entry barriers, minimising transaction costs and expanding markets. This chapter focuses on the role of technology in the import and export of goods. Additionally, investigating the thematic development and trends identifies that technology enables businesses to reach global markets and streamline transactions, optimises processes efficiency, innovate eco-friendly manufacturing, tracking and tracing products across international logistics. Although adopting advanced logistics technologies can lead to increased efficiency, agility, and competitiveness, organisations in the logistics sector will be better positioned to thrive in the digital age.
Keywords: Logistics; Supply Chain; Technology; International Trade; Innovation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-7819-5_6
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DOI: 10.1007/978-981-97-7819-5_6
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