Description of the Impact of Changes in the Logistics Industry
The changes have smoothened operations leading to efficiency in production and output. It is because it has incorporated technology that has contributed positively to the production process. It has introduced the element of speed and perfection in the production of logistics services (Leung et al., 2018). The training of the new skill set by employees has also made them more confidence and productive as they incorporate technology supported gadgets that they use to enhance production of the services offered by the company. The changes have also increased operations costs such in the acquisition of technology-supported devices and training of personnel, but such costs are viewed from the investment side as they have more benefits to the company in the long-term.
Identification of Critical Obstacles/Opportunities That Necessitated the Changes and the Nature of Changes Made In the Related Industry
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The key obstacles/opportunities that required the changes include increased business competition that has intensified with the globalization concept. It has liberated markets attracting both local and international investors . Also , the changing lifestyles that result in changed demands of goods and services offered. Technological development produces more innovative products, factors that support such platforms that include the development of the internet as well as changed clients tastes and preferences. It compels the companies to reciprocate to the customers’ demands and preferences (Seno-Alday & Budde-Sung, 2016). All the noted factors contributed to the changes currently experienced in the logistics and transport industry.
The enabling factors and the inhibiting factors that drove the changes
The factors that enabled the change include affordable costs for instituting the changes. For example, the broad spectrum that provides for different approaches that support technology enabled the company to choose the simplest that is affordable that includes the formulation of the website and allowing tracking of the goods and services offered. The competent and skilled employees ready to learn and are trained to embrace changes in the industry that would make them more relevant and productive for the company (Franks et al., 2014).
The inhibiting factors that drove the changes include financial costs that the company experienced challenge because it is a small company. It struggles to balance between minimizing costs and investing in expansion and growth. The company, however, chose options that conformed to their budgets.
References
Franks, D. M., Davis, R., Bebbington, A. J., Ali, S. H., Kemp, D., & Scurrah, M. (2014). Conflict translates environmental and social risk into business costs. Proceedings of the National Academy of Sciences of the United States of America , 111(21), 7576–7581. https://doi.org/10.1073/pnas.1405135111
Leung, K. H., Choy, K. L., Siu, P. K. Y., Ho, G. T. S., Lam, H. Y., & Lee, C. K. M. (2018). A B2C e-commerce intelligent system for re-engineering the e-order fulfilment process. Expert Systems with Applications , 91, 386–401. https://doi.org/10.1016/j.eswa.2017.09.026
Seno-Alday, S., & Budde-Sung, A. (2016). Closing the Learning Loop: A Review of Assignments in International Business Education. Journal of Teaching in International Business , 27(2/3), 68–87. https://doi.org/10.1080/08975930.2016.1208783
