THE IMPACT OF GEOPOLITICAL TURBULENCES ON GLOBAL LOGISTICS ACTIVITIES

Abstract

The efficency of global logistics management, which specificity is reflected in the fact that it includes the management of the flow of goods from the point of origin to the point of consumption through the international supply chain, implies the cooperation and coordination of numerous business partners located around the world. It implies a high degree of flexibility, speed and quality of customer service with the lowest possible costs of global logistics operations, in order to successfully overcome the time and space distance that exists. Therefore, the current geopolitical turbulences that have led to a slowdown in global economic growth, a decrease in international trade, a drop in demand, an increase in national barriers and other changes have caused disruptions in global supply chains and global logistics activities. The global logistics market has faced interruptions and delays in deliveries, increasing transport costs, container shortages, closures of transport routes, lack of storage space, etc. The aim of this work is to point out the impact of geopolitical turbulence on global logistics activities, and the need to transform and adapt the business of all participants in global supply chains to new circumstances.