Several functions are involved in the logistics process that helps to maintain an easy flow of goods overseas.
Here are the top 8 functions that are responsible for a smooth flow of goods:The management of logistics involves some or all of the following functions that include:Inbound transportationInbound transportation refers to the complete transit of goods and raw materials to businesses.
However, it isn't easy to manage the entire process on their own on a big scale.
That is why most companies are dependent on freight shipping companies.Outbound transportationThe goal of outbound transportation is to deliver the goods to the end customers.
All kinds of safety measures are followed to save it from all types of thefts and damages.Fleet managementThis is one of the essential functions of the logistics management process.
All kinds of cars, such as cars, trucks, ships, etc., come under it.WarehousingWarehousing is another critical term in the logistics industry that businesses store goods before they are sold.
DSV, one of the world's largest freight forwarding companies based in Copenhagen, Denmark, more than doubled its net profit to DKK 8 billion for the 9-months ended September 30, 2021, from DKK 3.1 billion for the nine months ended September 30, 2020, on higher sea freight rates and high demand for air freight.Revenue increased 44 percent to DKK 121 billion from DKK 84 billion, according to the result announced today.For the quarter ended September 30, 2021, operating profit (EBIT) before special items increased to DKK 4.5 billion from DKK 2.7 billion in the year-ago period.
Revenue was up 77 percent to DKK 49.5 billion from DKK 28 billion.The operational integration of Agility’s Global Integrated Logistics business, which became part of DSV in August 2021, is likely to be completed by Q3 2022.
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