Global economic growth faltered in 2013 as economic activity in developing regions suffered setbacks and as the situation in the advanced economies improved only slightly. Prospects for the world economy, trade and shipping seem to be improving although a number of risks mostly on the downside remain.
What is the role of culture in economic development? Is there any hope for the local in the larger frame of the global? The purpose of this paper is to examine the role that culture plays in economic development and sustainability. To do that, the author examines the values underlying responsible government in Atlantic Canada in the early days of settlement, broadening to a consideration of how…
The purpose of this article is to ascertain how the forces of globalization affect current organizational designs, particularly the relationship between rapid technological change, global uncertainty, and careless organizational decision-making.
This paper aims to, using the example of the highly globalised shipping industry, shed light upon the practice of corporate social responsibility (CSR) and the extent to which it might be relied upon to fill international regulatory gaps.
The Northern Sea Route (NSR) has for decades been one of the most contentious political issues in U.S.–Soviet/Russian Arctic relations. The United States claims that the ice-covered straits are international and subject to the right of transit passage, while Russia claims them as internal waters. Both states invoke national security as one of the more important interests substantiating and wa…
Cross-border production chains of manufacturing require coordination and logistics. Third-party logistics services have thus taken this role as a link in the globalization of economic activities. Distriparks, a provider of total logistics to manufacturing, have emerged in Singapore to offer customized distribution and inventory management. Established as a traditional entrepoˆt by internationa…
The terminal and stevedoring industry has expanded substantially in recent years with the emergence of global container terminal operators controlling large multinational portfolios of terminal assets. This paper deals with the emerging corporate geography in the container terminal industry with issues related to the similarities or differences among terminal locations, the processes leading to…
Positioned strategically between major east–west and north–south trading routes, the Caribbean basin has become a locus of new service configurations in container shipping. Over the last decade global shipping lines have been restructuring their service networks in the region in order to integrate local services with the newly rationalized intercontinental connections. By comparing service …
Much has been said of the importance of port and terminal integration in the supply chain. Authors have stressed the importance of agility to the port environment, which involves being proactive along supply chains, facilitation of intermodal integration, as well as organizational integration and partnership between ports and users. Despite the well articulated importance of the issues, littl…
Under the ongoing influence of globalisation, supply chains have changed significantly. New logistics and manufacturing systems have emerged, causing longer transport distances and increasing transport emissions. The existing research into the sustainability impacts of freight transport has largely viewed it as being a macro-level economic and political phenomenon and has ignored the interdepen…
Apparel firms confront the problem with effective order allocation among factories when conducting global logistics operations. The problem is non-deterministic polynomial-time hard and often complicated to obtain an optimal solution. This research tried to solve, by heuristic method, the problem via applying the learning curve to the capacity planning to improve the decision-making on global l…
The paper examines an important player in the container industry: the container terminal. We evaluate how terminal efficiency operation is affected by the following factors: terminal type, operation type, scale efficiency and returns to scale. In so doing, we test how the typology and operation of terminals and the level of scale efficiency that a terminal can achieve, represent significant fac…
Developing countries, such as Taiwan, Singapore and Korea, are transforming to a multi-faceted consumer economy where financial services, medical services, research and development, education, distribution services, international business, technology product development and design, and retail development are fueling economic growth. The logistic and distribution services as a result have become…
This book contains six chapters that can be used on a self-contained basis as teaching cases in an undergraduate or specialist class setting on OR techniques applied to maritime container operations or for port operations. Instructors and students can look forward to an insightful presentation of the challenges facing the maritime supply chains and container port logistics service providers in …
Despite a hangover from the worldwide economic crisis, international trade rebounded nicely with a record-level growth in late 2010. A sharp rise in international trade has sparked the international traffic growth. A majority of this traffic growth originated from maritime logistics which could move cargoes in large volume and at cheaper freight costs. Due to its cost-efficiency and easy acces…
This chapter reviews and analyses the contemporary development of liner shipping, port development and competition. It begins with a comprehensive review on the latest developmental trends of liner shipping and business strategies, as well as their impacts on port development and competition. Then, it discusses the responses of ports, past, present and (likely) future, in addressing these new d…
We are pleased to present this book that focuses on a key concept of industrial engineering that has received increased attention throughout the years—logistics. Starting from classical location and routing models, the concept of logistics has evolved through different application areas in the last two decades. Especially with the development of the party logistics (PL) concept due to differe…
This study examined the economic and environmental efficiency of 27 global airlines in 2010. An extended environmental slacks-based measure data envelopment analysis model with the weak disposability assumption was developed to assess the efficiency of the airlines. Asia-based airlines are generally more efficient, followed by European and American airlines. The poor fuel consumption is a major…
Global manufacturers have faced unprecedented cost pressures in China because of Chinese currency appreciation, rising labour costs, higher oil prices and reduced value-added tax rebates. This paper aims to reassess the decision of operating global manufacturing facilities in China.
In today’s highly competitive global environment, companies are forced to compete on price and delivery speed. Global logistics transportation presents some special challenges and issues for business organizations, and these issues differ from those posed by domestic logistics transportation. This study considers road transportation problems between two countries. A mixed-integer programming …
The paper sets out to understand the key issues that emerge in the context of decision making.
As 20 15 comes to an end, and 20 16 comes into focus , there remains s ig nificant unfinis hed bus ines s in the g lobal economy. While 20 16 will s ee hig her real GDP g rowth (3.0%) than the previous two years (2.7-2.8%), reflecting more expans ive activity in s everal key countries and a revers al of contraction in others , this will s till 'feel' s ubdued, with g lobal inves tment and trade…
Maers k Line is the main container s hipping unit of hig hly divers ified s hipping and energ y cong lomerate AP Moller-Maers k Group. The g roup's other box s hipping s ubs idiaries and brands are MCC Trans port, which operates its intra-As ia route network, Safmarine, which trans ports boxes to and from Africa and the Middle Eas t, Mercos ul (Brazil), intra-Europe carrier Seag o Line and intr…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE). The company's his tory dates back to February 1989 , when it was lis ted on the AMEX and NASDAQ under the name B+H Maritime Carriers . In October 19…
Excel Maritime Carriers is a Greek owner and operator of dry bulk carriers and a provider of s eaborne trans portation s ervices for dry bulk carg o. The company is a lis ted corporation and its s hares trade on the New York Stock Exchang e (NYSE).
With dry bulk rates remaining depres s ed and concerns g rowing about a pos s ible fall-off in Chines e demand for imports of coal and iron ore, BMI's view on the dry bulk s ector remains bearis h. The s ector remains hig hly dependent on Chines e demand, as demons trated by the fact that the Baltic Dry Index reacheda 25-year low in February when China s topped importing dry bulk g oods during …
Over the recent years, maritime logistics and supply chains have witnessed tremendous growth rates around the world, notwithstanding the recent economic downturn. Maritime transportation accounts for the majority of international trade and it has become a vital factor for the economic health of many nations. In emrging economies, more new ports have also been developed to tap into the global ma…
Enterprise Resource Planning (ERP) has been successful in many companies and yet many others have struggled with their efforts. If companies would read this book before beginning their journey toward ERP there would be more success stories. This book is very comprehensive in its coverage of ERP and related topics. There is a chapter on the Theory of Constraints (TOC) and it is the first ERP boo…
This volume is the report on the Pacem in Maribus Conference on Ports as 'Nodal Points' in the Global Transport System, held in Rotterdam in the period 27-31 August 1990. Pacem in Maribus (PIM), an initiative of the International Ocean Institute (ΙΟΙ), is the name given to a series of international conferences dealing with the use and management of the world's oceans and their resources. The…
This book comprises two volumes, both containing chapters which have been personally invited by the editors. As such, the editors of this book wish to profoundly thank all the contributors for accepting the invitation and for submitting their insightful works in accordance with the publishing deadlines and as specified in the book proposal. Professor Paul Tae-Woo Lee would like to express his s…
This book comprises two volumes, both containing chapters which have been personally invited by the editors. As such, the editors of this book wish to profoundly thank all the contributors for accepting the invitation and for submitting their insightful works in accordance with the publishing deadlines and as specified in the book proposal. Professor Paul Tae-Woo Lee expresses his sincere grati…
This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on specific industry developments, and breadth for specialists interested in the dynamics of the industry.
This book explores the intersection of two trends in the port sector that have occupied researchers in recent years: the port's progressively interventionist role in the hinterland and its increasing importance as a node within supply chains. These trends are set against the backdrop of fierce port competition as the increasing size of modern container vessels drives ports to make huge investm…
This paper aims to summarise the scope, methodology and main findings of a doctoral thesis about business transformation in Latin America taken from a project management (PM) and communities of practice (CoP) perspective.
The ability to satisfy customer demands while responding to relentless competitive pressure requires creative and often complex approaches to managing a firm's supply chain. Perhaps more than any other area, executive managers increasingly believe that a concept called globalization offers the best opportunity to achieve major performance gains. One area where many companies can begin to captur…
The purpose of this paper is to identify the components required for more robust landed cost models given the now widespread interest in sourcing finished goods, components for assembly, and basic raw materials from global sources. This study also seeks to establish the need for broad-based participation in operationalizing such models.
Europe today represents one of the world's fastest developing market‐places for both goods and services. Rapid changes in the business, political and regulatory environments are placing considerable stress on companies in Europe, whether national or international in their orientation. For many companies, these events are coincidental with the process of evolving into global businesses, which …
Presents a survey of the global supply chain management (GSCM) literature with specific emphasis on the application of the process, services and products used by organizations to achieve competitive advantage and market position. Through case studies, we look at the current management practice used by multinational corporations such as Campbell Soup, Kmart, Dell Computer, Hewlett- Packard, Digi…
The purpose of this paper is to examine the agile supply chain management practices adopted by UK clothing retailers in order to effectively manage the supply of innovative, high-margin, high-fashion content product offerings in a complex global environment.
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 h…
Both logisticians and tax lawyers design global supply chains – but based on different logics. If they do not align each other’s perspectives, problems might occur in different areas. The purpose of this paper is to illustrate the impact the tax system could have on supply chain design, reflect (from both perspectives) on how the rules function, and propose a common communication platform f…