Future Scope of Logistics and Supply Chain - An Detailed Analysis

Abstract

Logistics and Supply chain play a crucial role in the functioning of commercial operations. A supply chain encompasses the process of acquiring and distributing commodities, while logistics pertains to the transportation, warehousing, and overall handling of resources and products. Both commercial and emergency supply chains encounter various obstacles, however they may derive valuable insights from one other's tactics and business models. Logistics comprises several components, including transportation, storage, inventory management, packaging, and information processing. The primary objective of logistics management is to effectively coordinate the availability of appropriate resources, ensuring their timely delivery to the designated destination. Supply chain management is a strategic approach that combines essential business activities in order to enhance value for both customers and stakeholders. Supply chain management encompasses the harmonization of several entities, including suppliers, manufacturers, warehouses, transporters, retailers, and consumers, with the objective of fulfilling client demands while simultaneously reducing expenses. There is a prevailing agreement among scholars that SCM and logistics constitute a crucial area of study. However, it is noteworthy that there is a scarcity of literature evaluations pertaining to this subject matter. This study aims to identify and discuss prominent topics in contemporary research by conducting a comprehensive literature assessment from the standpoint of operations management. Furthermore, we have derived some insights and identified potential avenues for further study in this particular domain.