Logistics and SCM Fundamentals
Fundamentals of logistics and supply chain managements: terms, definition, principles, methodologies..
Fast Facts on the Supply Chain and Logistics
A huge industry
• The cost of logistics in the US was $1.4 trillion in 2007; 10.1% of gross domestic product (GDP), according to CSCMP’s 19th Annual “State of Logistics Report®”. US expenditures on logistics are larger than the national GDP of all but ten countries. (For example, US logistics expenditures are larger than the GDP of Russia.)
• US expenditures on truck transportation alone ($635 billion) are larger than the GDPs’ of all but 16 countries.
• Transportation-related workforce numbers add up to 11.3 million people (8.6% of the total US labor force), according to United States Department of Labor statistics
The global trading village according to World Trade Organization statistics through 2005Read more
