THE IMPACT OF LOGISTICS ON GLOBAL ECONOMIC DEVELOPMENT: A COMPREHENSIVE REVIEW
Keywords:
Abstract
`Logistics plays a crucial role in the world's economic development, facilitating the movement of goods, services, and information from one point to another. This industry comprises transportation, warehousing, distribution, inventory management, and supply chain management. Logistics is vital for businesses of all sizes, enabling them to operate efficiently, reduce costs, and increase profits. It is also a significant contributor to employment and infrastructure development, making it an essential sector for economic growth. This article explores the role of logistics in world economic development, highlighting the industry's importance and its impact on trade, infrastructure, employment, and innovation.
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