Transportation and Logistics best practices
Instructions: Analyze a current news event within the last two years. Summarize the event. Dissect the event in terms of theories or frameworks, government policies, requirements, and best practices in transportation and logistics (T&L). Explain how the application of T&L best practices may have prevented or mitigated these impacts
Transportation and Logistics best practices
According to the World Bank Logistics Performance Index release, the progression of trade logistics has slowed down as a result of complexity in the transport and logistics sector, especially in developing nations and the poor supply chain efficiency (World Bank, 2014). Nations have however tried to put in place aggressive mechanisms to enhance the performance, according to an investigation by the World Bank investigation on trade and logistics in the transport sector. Among the leading nations with the highest Logistics Performance Indicators is Germany (World Bank, 2014).
According to the report “Connecting to Compete 204″, a total of 160 nations are ranked in terms of trade (World Bank, 2014). The facets for this ranking include aspects such as customs performance, the quality of infrastructure, the timeliness of shipments, which are vital for the growth and development of the transport and logistics sector. The world bank has also come up with Logistical Performance List after every two years since 2007.
According to the survey, it is evident that highest ranking logistic nations are the ones with high incoming economies while less developed nation are below in the rankings (World Bank, 2014). However, logistics performance goes beyond the level of per capita income sine several nations with low incomes have emerged to be doing better in transport and logistics as compared to their peers, for instance, Benin and Madagascar.
The report affirms that transport and infrastructure are the main driver for enhanced logistical operations among nations. This is to a largest extend supported by enhanced and improved logistical services as well as customs management. As it is evident by the top performers in the logistical arena, enhanced logistical services and a strong co-operation between the private and public sector in ensuring an effective best transport and logistical practices among nations.
Best Transport and Logistics Practice and It Impacts
The transport and logistic sector can improve its operation systems by the introduction of telemetry market and embracing the Machine-2-Machine technology. The advancement of this technological device is necessitated by the need to improve operations and delivery systems in a way that can propel the sector into an effective quality assurance level (Palafox et al., 2012). The benefits of this operational technology include the ability to track goods while on transit and enhancing reliability and effectiveness of transportation fleets, especially with the current rates of accidents in the transport industry.
Moreover, the M2M machine is significant in the transport and logistics sector for its ability to enable optimization of the logistics of planning fleet routes for cargo and several deliveries and ensuring the loads are transported in a timely manner to all destinations. The technology can also mitigate different transportation means, for instance, vehicles, ship and trains by ensuring that they are in good condition before taking off, thus reducing accident levels and maintenance expenses.
Furthermore, the current transport and logistics sector is facing a fierce competition globally from both developed and developing nations. This is also being affected by other factors such as recessions. To enhance a holistically effective transport and logistic system to match the existing conditions, M2M technology is the effective tool to incorporate. Besides, there is a need for the transport and logistics sector in every nation to attract international investors due to the increased global trade. In order to attain this, the spotlight will be on technological devices like the M2M machine for international trade organizations that will enhance sustainable growth and the power to tap in the new digital era.
There are several other benefits that the technological machine serves in order to enhance the transport and logistics operations. They serve to enhance the global and trade logistics performance among nations.
Palafox-Albarran, J., Dannies, A., Sanjeeva, B. K., Lang, W., & Jedermann, R. (2012). Combining Machine-to-Machine Communications with Intelligent Objects in Logistics. In The Impact of Virtual, Remote, and Real Logistics Labs (pp. 102-112). Springer Berlin Heidelberg.
World Bank (2014). Logistics Performance Index (LPI) Report: The Gap Persists. Retrieved From http://www.worldbank.org/en/news/press-release/2014/03/20/logistics-performance-index-gap-persists/