Author : Lalith Edirisinghe
Publisher :
ISBN 13 :
Total Pages : 2 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis The Influence of Logistics Competence in International Trade in Sri Lanka by : Lalith Edirisinghe
Download or read book The Influence of Logistics Competence in International Trade in Sri Lanka written by Lalith Edirisinghe and published by . This book was released on 2017 with total page 2 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is acknowledged that more than 90 percent of global trade is carried by sea. Shipping is a derived demand of international trade in economic terms. The container help reduces the global supply chain cost. Sri Lanka is strategically located in Indian ocean proximity to East-West main sea lane. This has made the country influential in international trading for many countries. Sixteen out of world's top twenty shipping lines have their presence in port of Colombo. The Greater Indian Ocean region stretching eastward from the Horn of Africa past the Arabian Peninsula, the Iranian plateau and the Indian subcontinent, all the way to the Indonesian archipelago and beyond, will be the centre of global conflicts, because most international business supply will be conducted through this route. This has created highly beneficial international trading environment for its stakeholders. Road transportation counts for more than 90 percent of the land transport in the island and covers more than 12,000 km of A and B class roads. However, traffic congestion particularly in and around ports is a serious problem for trucking companies and comes at a high cost. Since the freight rates are comparatively lower the trading partners are at an advantage among their competitors. With many shipping lines are attracted to offer services in Colombo the exporters and importers have multiple sailing opportunities to and from Sri Lanka. Given the geographic factor that the country is located very close to an economic giant -India a substantial volume of Indian exports and imports are routed via Colombo. There is a tremendous pressure on reducing logistics cost and carbon footprint. These factors provide a reasonable insight to the complex nature of logistics impact in the international trade.The purpose of this study was to examine the influence of logistics competence in international trade with special reference to Sri Lanka. This paper discusses the factors with respect to the contemporary view of logistics competence. It intends providing the policy makers to see the need to implement coherent and consistent policies to foster seamless and sustainable supply chain operations as an engine of growth.