THE IMPACT OF GLOBALIZATION ON THE DEVELOPMENT OF TRANSPORT LOGISTICS: ECONOMIC ANALYSIS OF RISKS AND OPPORTUNITIES
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 89)Publication Date: 2024-09-30
Authors : Marinov Yevhen;
Page : 52-67
Keywords : globalization; logistics; infrastructure; transport; transformation; global market; international trade; logistics performance index; risks; opportunities;
Abstract
Introduction. With the liberalization and globalization of world trade, transport logistics is becoming increasingly important to support the efficiency, effectiveness and added value of trade activities. All this is possible through the implementation and application of transport logistics on a broader level. The trend towards globalization, which is clearly visible in the modern world, is the driving force behind the intensive development of transport logistics systems. The processes of globalization, internationalization and transnationalization taking place in the world economy have significantly increased the role of transport logistics as a linking element in business systems and emphasized the need to form and optimize international transport and logistics systems. As an integral part of the economy, transport logistics plays an important role in influencing markets, trade and industry. Its importance is constantly growing with economic development and globalization. Over the past six years, the volume of transport and logistics services has doubled, which is evidence of its rapid development. However, in order to understand the importance of transport logistics, it is necessary to study and analyze its impact on economic processes. At the current stage of economic development, the transport industry is one of the main factors in the globalization of international trade and transnational corporations, as the development of international and national markets always involves the free movement of goods and resources. As the global economy grows and the transport infrastructure develops, it is important to take into account the impact of transport logistics on trade and the economy as a whole. As the solution to the problems of transport logistics development at the globalization level is aimed at optimizing and efficiently managing transport and logistics processes, it is important to study the risks and opportunities of transport logistics and current trends in its development. Purpose. The purpose of the article is to determine the role and importance of the transport logistics market in the world economy based on the characteristics of the dynamics of the volume of services, to highlight the impact of globalization factors determining the development of transport logistics, to identify risks and opportunities for development prospects, to highlight the relationship and mutual influence of globalization and international transport logistics, and to characterize the requirements for further globalization of transport and logistics processes.
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