The five basic modes of transportation have been available for well over 50 years. Is this the way it will always be, or can you identify
Transport is a crucial driver of economic and social development, bringing opportunities for the poor and enabling economies to be more competitive. Transport infrastructure connects people to jobs, education, and health services; it enables the supply of goods and services around the world; and allows people to interact and generate the knowledge and solutions that foster long-term growth. Rural roads, for example, can help prevent maternal deaths through timely access to childbirth-related care, boost girls’ enrolment in school, and increase and diversify farmers’ income by connecting them to markets.
Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer. This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, and procurement. Any supply chain’s success is closely linked to the appropriate use of transportation. Walmart has effectively used a responsive transportation system to lower its overall costs. At distribution centers, Walmart uses cross-docking, a process in which product is exchanged between trucks so that each truck going to a retail store has products from different suppliers. Managers should ensure that a firm’s transportation strategy supports its competitive strategy.
After reviewing the assessment above answer two (2) of the following questions:
The five basic modes of transportation have been available for well over 50 years. Is this the way it will always be, or can you identify a sixth mode that may become economically feasible in the foreseeable future?
Seven economic drivers that influence transportation cost were presented. Select a specific product and discuss how each factor impacts determination of freight rate.
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