International Trade History and Logistics Management Quiz

Glocalization in Logistics Management

• Glocalization refers to the combination of global and local considerations in logistics management, balancing global supply chain efficiency with local responsiveness.

Global Nature of Logistics Management

• The example of BARBIE® highlights the global nature of logistics management, as the doll is manufactured in China, packaged in Indonesia, and distributed globally, demonstrating the complexity of international logistics.

Directional Imbalances in Logistics

• A typical challenge associated with directional imbalances in logistics management is the imbalance in trade volumes, leading to empty container movements and increased costs.

Measuring Logistics Performance

• One of the factors used to measure logistics performance is the "on-time delivery rate".

Top Container Importer

• In 2014, Walmart was listed as a top container importer according to the text.

TEU Capacity

• In the context of globalization, TEU capacity refers to the Twenty-foot Equivalent Unit, a measure of a container's capacity, used to quantify the volume of goods transported.

Role of Containers in International Trade

• One of the key roles of containers in facilitating international trade is to provide a standardized and secure way to transport goods across different modes of transportation, such as ships, trains, and trucks.

International Trade Impact on Economy

• International trade has a significant impact on the economy of the world, as it facilitates the exchange of goods and services, creates jobs, and contributes to economic growth.

SCM vs Logistics

• One of the main differences between Supply Chain Management (SCM) and Logistics is that SCM focuses on the entire value chain, from raw materials to end customers, while Logistics focuses on the movement and storage of goods.

Containerization and Global Goods

• Containerization contributes to making goods and services obtainable globally by providing a efficient, cost-effective, and secure way to transport goods over long distances, enabling global trade.