Article
Logistics: Perspectives for the 1990s
The decade of the 1980s has been witness to a long period of stable, sustained economic growth in the American economy, with moderate inflation, favourable interest rates, and steady growth in GNP. The decade has been remarkably free of the economic turmoil that marred the 1970s ‐ double digit inflation, double digit prime interest rates, the energy crisis. Nevertheless, the last nine years have brought with them profound changes in the national economy and in the global marketplace which will radically alter the way a modern enterprise does business. Some of the most significant changes will occur in the firm's logistics processes and practices. These changes will present challenges, and opportunities, to every firm in every industry. The Fortune 500 of the year 1999 will consist of those companies who understand the challenges and seize the opportunity which they represent ‐ the opportunity to fashion a logistics system which is tuned to the realities of the future.
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The Handbook of Logistics and Distribution Management: Understanding the Supply Chain | 5th ed. | en |