The Importance Of Transportation, An Essential Part Of The Global Supply Chain

1. Transportation has sometime been described as the glues that holds global supply chains together. What is the meaning of this statement and do you agree? Why or why not?

Transportation is an essential part of the global supply chain as it provides the link between the company and the supplier and customers, it is an important part of logistics process and function dealing with the aspects of location of economic utilities. It works closely with inventory, planners, transportation to ensure that the business is made available for the customers. The company’s ability to serve the customers through efficient and effective transportation is essential to gain customer confidence and expand business for the company. Logistic is very important

Absolute advantage is the oldest concept, since the two country scenario each country has an advantage in the production of one or more products. Comparative advantage postulates that even if one country has the advantage in both products, trade can still be beneficial. Comparative advantage has probably been the most important for overall development in our complex global economy since countries can produce so many products that are competitive with other countries to some degree. Moreover, absolute advantage is still important to rationalize some major trade flows for basic materials and agricultural products. There are also seasonal and weather related factors that provide advantages at particular time of the year for different

Changes in fertility have an immediate effect on numbers of children, but many years must pass before the change affects the numbers above childhood. However, a population that has experienced a recent decline in fertility tends to have relatively small numbers both of children and of aged persons and a large proportion of adults in the middle