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Excellence in global supply chain management : understanding and improving global supply chains
This book explores and explains the critical elements of Supply Chain Management, including Understanding the Supply Chain and Supply Chain Planning and Operations, as well as Alternative Approaches and how to improve. The book is intended for: a- professional managers in all supply chain roles and job positions; b- academics such as lecturers or students studying business topics like procurement, logistics, distribution, and the supply chain; and c- students of professional institutes such as the Chartered Institute of Logistics and Transport, The Chartered Institute of Purchasing and Supply. The style of the book is direct, with little jargon. It covers all the basics, as well as providing detailed and wider discussions to encourage thought. Practical application remains a central theme, illustrated by the extensive use of case studies, application checklists and visual and graphic illustrations.
Book
Assessing the effects of logistics performance on export and competitiveness using SEM methodology: evidence from firm-level data
PurposeThe purpose of the paper is to determine the importance of trade logistics in export intensification and competitiveness on the level of individual companies. Within the framework of logistics performance, the influences of customs efficiency and physical trade infrastructure quality were tested on export while the contribution to improving competitiveness was analyzed through logistics services and the Logistics 4.0 component. In addition, the influence of competitiveness on companies’ exports was examined.Design/methodology/approachThe research was conducted based on a survey intended for the management of export-oriented companies which was distributed through the system of the Chamber of Commerce and Industry of Serbia. A total of 298 responses were collected and provided the basis for the application of structural equation modeling (SEM) approach.FindingsThe physical trade infrastructure was found to be a significant factor in stimulating exports, while the quality of logistics services has a statistically significant impact on the level of competitiveness. The results also indicate that improving the competitiveness of companies gives positive results in stimulating their exports.Originality/valueStudies that analyze the impact of trade logistics using primary data from surveys are rare. In this paper, for the first time, the SEM methodology was applied in the assessment of logistics performance effects on export and competitiveness of individual companies. Also, the impact of the logistics 4.0 concept on selected companies’ performance was empirically tested for the first time.
Journal Article
The relevance of coordinated regional trade logistics for the implementation of regional free trade area of Africa
Logistics will play a vital role in the process of boosting intra-regional trade among member states. Despite logistics integrating role in trade between countries, generally, African countries had faced with formidable challenges in logistics infrastructures development, and customs and border clearance. The main objective of this article was to analyse the effect of trade logistics performance on the intra-regional trade of Africa. African countries' logistics performance in international trade was measured using the World Bank Logistics Performance Index (LPI) and its components. The article emphasized examining the relevance of trade logistics for the implementation of the Continental Free Trade Area of Africa. Descriptive analysis was undertaken to analyse African countries' trade logistics performance, based on 2010-2018 LPI measures. The gravity model of international trade with Heckman maximum likelihood regression was used to explore the effect of trade logistics performance on the intra-regional trade of Africa. African countries experience lowest average LPI score relative to its trading partner regions, particularly in terms of quality of trade- and transport-related infrastructures, customs, and border clearance, and competency and quality of logistics services. The study on gravity model estimates shows that improvement in any of LPI components, that is, infrastructures development, customs clearance, competence and logistics service quality, international shipments, tracking and tracing, and timeliness, can lead to significant growth on the trade between African countries. However, being geographically landlocked has a statistically significant negative effect on bilateral trade flow. Successful improvement in African countries' trade logistics performance including logistics infrastructure, customs clearance, and logistics service quality will enhance trade between African countries. This, in turn, will have a paramount contribution to the effective implementation of the Continental Free Trade Area of Africa.
Journal Article
International Economics And Policy : an introduction to globalization and inequality
\"Relying on economic theory where necessary, this book emphasizes translating that theory into practical applications that will help students appreciate the clear importance of understanding how countries, businesses, workers, and governments interact with each other. It offers in-depth analysis, empirical evidence, and practical examples arising from all the forms of international exchange: international trade, or the exchange of goods and services across borders; international finance, or the roles that currencies, exchange rates, prices, and monetary systems play in facilitating global investment and trade; global migration, through which workers move from lower-wage countries to higher-wage countries; the international flows of capital and knowledge through multinational enterprises and global supply chains; and the global policy architecture underlying these flows\"-- Provided by publisher.
Book
Effects of trade logistics on international trade: A systematic literature review
There have been experiences of a declining interest in trade logistics and international trade research in the practitioners' communities. The body of research on its development appears fragmented owing to several and continuous progressive areas which covered many fields. From the transport and logistics management perspective, this systematic literature review (SLR) aims at ascertaining the focus of researches between 1999 and 2019 on some specific aspects of the current study as well as evaluating the methodologies adopted for such previous studies and how the future studies can benefit from it. The main facts emanating from SLR on trade logistics and economic development with the inclusive of a developing economy made up of 134 peered review articles discussed. The corpus ensuing from the review has been used to create a citation network study which underpins the recognition of the most investigated topics and their methodological approaches. The structural backbone that contributed to the rise of this investigation process ultimately in the field is pointed out, identified and has throws up areas of triggering interest for research opportunities. The results provide insights about the research path, current trends and future research directions in the field of trade logistics and international trade development.
Journal Article
International trade war: Spice Road against Silk Road
Purpose - The purpose of this paper is to analyse the international political economy of Korea and its effects due to geopolitical tension between China and the USA. Design/methodology/approach - Economic war between China and the USA has prolonged longer than expected. Aftermath of the COVID-19 pandemic, reforming the supply chain has been the centre of economic tension between China and the USA. Quite recently, with the rapid expansion of Chinese e-commerce platforms, distribution channels come upon a new economic tension between the two. And now is the time to pivot its pattern of conflict from competition into cooperation. In this end, economic diplomacy could be a useful means to give a signal of cooperation. From the view of economic diplomacy, this paper tries to analyse the projected transition of economic war between China and the USA with its implication on the trade policy of Korea. Findings - As an implementation of economic diplomacy, China suggested the Belt and Road Initiative (BRI), enhancing trade logistics among related countries to gain competitiveness. In 2023, the Biden administration suggested the India-Middle East and Europe Economic Corridor as a counter to BRI, which will be a threshold for changing trade policy from economic war into economic diplomacy. As a result, it is expected China and the USA will expand their economic diplomacy in a way to promote economic cooperation among allied states, while the distribution channel war would continue to accelerate the economic tension between China and the USA. Korea has to prepare for and provide measures handling this geopolitical location in its trade policy or economic diplomacy. Originality/value - This research contributes to the awareness and understanding of trade environments from the perspective of economic diplomacy.
Journal Article
The relevance of coordinated regional trade logistics for the implementation of regional free trade area of Africa
Background: Logistics will play a vital role in the process of boosting intra-regional trade among member states. Despite logistics integrating role in trade between countries, generally, African countries had faced with formidable challenges in logistics infrastructures development, and customs and border clearance. Objectives: The main objective of this article was to analyse the effect of trade logistics performance on the intra-regional trade of Africa. African countries’ logistics performance in international trade was measured using the World Bank Logistics Performance Index (LPI) and its components. The article emphasized examining the relevance of trade logistics for the implementation of the Continental Free Trade Area of Africa. Method: Descriptive analysis was undertaken to analyse African countries’ trade logistics performance, based on 2010–2018 LPI measures. The gravity model of international trade with Heckman maximum likelihood regression was used to explore the effect of trade logistics performance on the intra-regional trade of Africa. Results: African countries experience lowest average LPI score relative to its trading partner regions, particularly in terms of quality of trade- and transport-related infrastructures, customs, and border clearance, and competency and quality of logistics services. The study on gravity model estimates shows that improvement in any of LPI components, that is, infrastructures development, customs clearance, competence and logistics service quality, international shipments, tracking and tracing, and timeliness, can lead to significant growth on the trade between African countries. However, being geographically landlocked has a statistically significant negative effect on bilateral trade flow. Conclusion: Successful improvement in African countries’ trade logistics performance including logistics infrastructure, customs clearance, and logistics service quality will enhance trade between African countries. This, in turn, will have a paramount contribution to the effective implementation of the Continental Free Trade Area of Africa.
Journal Article