The Importance of Logistics In International trade

The Importance of Logistics In International trade Global trade develops because of good logistics infrastructure . Countries with ports , airports , roads , rail networks , warehousing facilities , quality check labs catapult in tremendous economic development . 6 Reasons Logistics Is Helpful For Global Businesses 1. Generates Higher Demand Goods available in one country might not be produced in another . Logistics infrastructure increases the mobility of goods , opening up of new markets , and encourages traders and exporters to cater to international demands . 2. Reduced Timelines Logistics companies in India have struggled for transporting goods in a timely manner in the developing era of the country's logistics infrastructure . With an efficient logistics network in place , international transit times have been reduced drastically opening up new avenues for businesses . 3. Tapping New Markets Reduced transportation costs , reduced timelines , encourage transporting goods to longer distances in lesser time . Technological developments allowing for container shipping booking online , container tracking tools , and other supply chain management software increase the efficiency of logistics functions further increasing the ease of doing business across the globe . 4. Accelerated Economic Development Fulfilling trade demands requires better infrastructure . Businesses need more manpower , cement , iron , and other metals to set up facilities that can cater to the demands of their international market . This promotes development in all sectors of the economy . 5. Establishes Demand & Supply Balance Global supply chains struggle to meet the demands because of poor logistics . Better infrastructure helps supply raw materials for production and finished goods to customers in a timely manner . This improves the efficiency of the supply chain and increases productivity which helps bridge the gap between demand and supply . 6. Promotes Strategic International Infrastructure Development Cross - border trade from developing countries can be promoted by neighbouring countries with better infrastructure facilities . This improves international relationships and further encourages the economic development of all the concerned countries . WLP WORLD LOGISTICS PASSPORT worldlogisticspassport.com/o ur - expertise / logistics The Importance of Logistics In International trade Global trade develops because of good logistics infrastructure . Countries with ports , airports , roads , rail networks , warehousing facilities , quality check labs catapult in tremendous economic development . 6 Reasons Logistics Is Helpful For Global Businesses 1. Generates Higher Demand Goods available in one country might not be produced in another . Logistics infrastructure increases the mobility of goods , opening up of new markets , and encourages traders and exporters to cater to international demands . 2. Reduced Timelines Logistics companies in India have struggled for transporting goods in a timely manner in the developing era of the country's logistics infrastructure . With an efficient logistics network in place , international transit times have been reduced drastically opening up new avenues for businesses . 3. Tapping New Markets Reduced transportation costs , reduced timelines , encourage transporting goods to longer distances in lesser time . Technological developments allowing for container shipping booking online , container tracking tools , and other supply chain management software increase the efficiency of logistics functions further increasing the ease of doing business across the globe . 4. Accelerated Economic Development Fulfilling trade demands requires better infrastructure . Businesses need more manpower , cement , iron , and other metals to set up facilities that can cater to the demands of their international market . This promotes development in all sectors of the economy . 5. Establishes Demand & Supply Balance Global supply chains struggle to meet the demands because of poor logistics . Better infrastructure helps supply raw materials for production and finished goods to customers in a timely manner . This improves the efficiency of the supply chain and increases productivity which helps bridge the gap between demand and supply . 6. Promotes Strategic International Infrastructure Development Cross - border trade from developing countries can be promoted by neighbouring countries with better infrastructure facilities . This improves international relationships and further encourages the economic development of all the concerned countries . WLP WORLD LOGISTICS PASSPORT worldlogisticspassport.com/o ur - expertise / logistics