The effectiveness of management of logistic supply chain in international trade agreements

Authors

DOI:

https://doi.org/10.31498/2225-6725.1(39).2024.319374

Keywords:

logistics, logistics management, international business, effectiveness, supply chain management, international trade

Abstract

The article considers heoretical, methodical and practical approaches to improving the management of logistics processes of international trade operations, the issue of the effectiveness of international logistics, the role of digitalization in the management of international logistics processes, structural features of the development of logistics in the conditions of economic globalization. The conditions of the world market globalization create new challenges for manufacturers and traders regarding customer requirements and logistics service. All stages of globalization, regardless of how they are distinguished, are closely related to the development of means of transport, and due to this, the scale of the provision of transport services increases, which affects the reduction of prices for them and the increase of the level of competition. Trends in the logistics industry depend on significant changes that are caused by the introduction of technological innovations into business processes. Next-generation logistics management solutions are moving towards making international supply chains more customer-centric and resilient to contingencies. Automation of logistics processes makes it possible to increase the productivity and efficiency of the work process. The opportunity of tracking and and transparency of the supply chain is an important component to ensure a stable relationship between the customer and the executor of the supply contract. The solution of modern global problems of international logistics is seen possible with the help of "Industry 4.0". Next-generation logistics management solutions are moving toward making international supply chains more customer-centric and resilient to contingencies.

Published

2024-05-30

How to Cite

Vitka, N., & Kolosok, E. (2024). The effectiveness of management of logistic supply chain in international trade agreements. REPORTER OF THE PRIAZOVSKYI STATE TECHNICAL UNIVERSITY Section: Economic Sciences, (1(39), 151–160. https://doi.org/10.31498/2225-6725.1(39).2024.319374