Trends and challenges in transport and logistics

A variety of institutional, organisational and technological changes has have facilitated transformation of the transport and logistics industry over recent decades. The industry has thereby supported the industrial sourcing and marketing of commodities globally at a speed and precision that previously hardly have been attained at national level. Restructuring of the transport and logistics industry is to an increasing degree fostering international and global networks, with a declining number of core companies of growing size relying heavily on affiliates and sub-contractors worldwide. Technology has been a key factor in this development.