Question

Discuss the future challenges and opportunities in logistics management.

Answer 1

Below are the future challenges in logistic management.

• Increased fuel cost is one of the biggest problems in the upcoming days for the logistic management.
• Government policies and regulations may affect the future logistic management.
• Changes in the environmental conditions due to natural calamities such as flood, hurricanes, etc also affect the logistic management.
• Customer needs improved customer service by providing full transparency in the logistic management.
• Retention of labours and employee for the logistic management is difficult due to increased labour costs.

Below are the few opportunities in logistic management.

• Logistic management gives a way to enhance the business network.
• Logistic management enhances its potential customers to the business.
• Logistic management will get a opportunity to use new technology and innovation to upgrade the logistic industries
• Better inventory management and utilization of resources due to logistic management.

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