Role of Technologies in Import and Export of Goods
Book Chapter ResearchOnline@JCUAbstract
Logistics, a critical subset of the supply chain, refers to the storage and movement of physical goods within the supply chain. This chapter focuses on technology's role in importing and exporting goods. Rapid technological advancements have opened remarkable opportunities for the logistics and supply chain sectors across the globe. Logistics has propelled the sector to become one of the most rapidly growing segments worldwide. With the emergence of industrialisation and flux of e-commerce platforms, businesses can now offer an array of services worldwide. This shift towards the use of technologies to import and export goods and services internationally is streamlining the supply chain by mitigating numerous entry barriers, minimising transaction costs and expanding markets. This chapter focuses on the role of technology in the import and export of goods. Additionally, investigating the thematic development and trends identifies that technology enables businesses to reach global markets and streamline transactions, optimises processes efficiency, innovate eco-friendly manufacturing, tracking and tracing products across international logistics. Although adopting advanced logistics technologies can lead to increased efficiency, agility, and competitiveness, organisations in the logistics sector will be better positioned to thrive in the digital age.
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Publication Name
Transforming Logistics in a Developing Nation: Vietnam’s Technology Imperative
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ISBN/ISSN
978-981-97-7821-8
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Pages Count
19
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Publisher
Palgrave Macmillan
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Publisher Location
Singapore
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EISSN
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DOI
10.1007/978-981-97-7819-5_6