Logistics as a mechanism of international economic processes

Abstract

The development of international logistics, the setting of logistical problems and the effectiveness of their solution directly depend on the trends of the world market. Currently, the world economy is developing through ever-advancing globalization and rising production costs with fierce competition between manufacturers. Today, the trend of globalization is clearly visible in the development of global macro-logistics systems. This trend reflects on the one hand, the globalization of markets for the sale of finished products, production, supply of material resources, labor, and capital, which are characteristic of large transnational corporations and financial and industrial groups, and on the other hand, the creation and development of global interstate transport and logistics, telecommunications, distribution macrologistics systems. Globalization is manifested in the increase in the scale of world trade and other processes of international exchange in the conditions of a more open, integrated world economy. Economic relations between countries go beyond bilateral and take on the character of multilateral relations that connect several countries and sometimes have a very significant impact on the world economic system. The global implementation of quarantine measures as part of the fight against the pandemic affected all business sectors, which in general had a negative impact on the logistics industry, whose performance remains an indicator of macroeconomic development. While the pandemic has significantly increased the demand for online commerce, having a reliable transport company has become vital for business representatives, as it allows them to maintain business efficiency and ensure quality and timely delivery The rapid spread of the virus in the world has had a shocking effect on global trade in connection with the introduced anti-pandemic restrictions on economic and industrial activity and cross-border transportation. Ukraine also felt the impact of the epidemic, which affected a significant decrease in GDP growth rates in general and trade indicators. Keywords: logistics, international economic processes, trade and economic relations, transit potential, transport, and logistics system.