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Logistics Evolution And Georgia’s Experience Toward It

Journal: Innovative Economics and Management (Vol.IV, No. 2)

Publication Date:

Authors : ;

Page : 44-48

Keywords : logistics; logistics system; evolution of logistics; Georgia; Georgia’s logistics system; globalization; fragmentation; integration;

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As global industries become increasingly connected, the need for a healthy and sustainable logistics system has become increasingly relevant. Today, logistics is a backbone of supply chain and its goal consists in timely and reliable exchange of goods/services and information with minimum costs. In a globalized economy countries' economic performance is highly depended on logistics system development level, as on the one hand the globalization makes it essential to apply modern logistics concepts in day-to-day business operations, in order to ensure continual and regular supply of goods and services worldwide and on the other hand, efficient logistics system is an significant factor for stable economic growth of the state. Importance of optimization of logistics system becomes mandatory for Georgia too, as its strategic geographical location creates a precondition of integrating our country in a global economy and becoming a logistics hub. This article discuss logistics evolution tendencies and based on it analyzes Georgia's logistics system development level.

Last modified: 2018-05-20 15:49:58