Roles of trade logistics to the development of international trade: A perspective of Nigeria

Abstract

Background: Trade logistics service delivery is a key aspect in a country’s economic success in both national and international trade activities. It is critical in attaining competitive advantages for businesses actively involved in international trade. The improvement of services, infrastructure and logistics has helped to reduce delays and cost in cross-border goods transactions, resulting in a considerable growth in international trade.Objective: The study investigates the contribution of trade logistics service delivery to the growth of international trade. Overall improvement of logistics services could be a significant step towards long-term facilitation of trade.Methods: Respondents were given questionnaires using a simple random selection technique. Structural equation modelling was then used to examine the structural relationships among variables that had been assessed.Findings: The results reveal that the delivery of trade logistics services has a substantial impact on trade development. Improving the logistics industry also allows for increased trade volume.Conclusion: It was suggested that governments, specifically middle-income nations, explore trade performance measurements in order to better enhance the exports and imports processes as well as to efficiently and effectively boost trade through the optimisation of the supply chain management.