Answer to Question #332176 in Economics for anathi

Question

Discuss how these maritime transport service providers interact jointly to form a viable maritime transport chain.

Answer 1

Ports serve as a nexus in supply chains, allowing global supply chains to engage with regional production and consumption sectors. Global supply chains have gotten more complicated, putting pressure on the logistics sector to improve costs, performance, and resistance to disturbances all at the same time. Logistics services that are still valuable may degrade and become basic services, yielding just a modest profit margin. This is particularly true when it comes to tangible added value.

Companies engage with external suppliers, internal departments, external distributors, and customers through supply chains. Customer expectations, globalization, technical developments, government regulation, competitiveness, and sustainability issues all affect supply chain management performance.