Logistics Industry Comparison: India, USA, China
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Questions and Answers

What is the Logistics Performance Index (LPI) of India in 2023?

  • 17
  • 15
  • 20
  • 38 (correct)

    • What percentage of GDP is spent on logistics cost in the USA?

  • 12%
  • 15%
  • 8.5% (correct)
  • 10%

    • Which of the following industries is NOT a major driver of the logistics sector in India?

  • Auto Components
  • Food processing and beverages
  • Textiles
  • Construction (correct)

    • What is a major challenge facing the logistics sector in India?

    <p>High employee cost</p> Signup and view all the answers

    What is expected to revolutionize logistics in the next 5-10 years?

    <p>Digitalization</p> Signup and view all the answers

    What is a skill-related challenge facing the logistics sector in India?

    <p>Availability of skilled manpower</p> Signup and view all the answers

    What is a critical factor in deciding the method of shipment in logistics management?

    <p>All of the above</p> Signup and view all the answers

    According to Incoterms 2020, what is a crucial aspect of logistics management?

    <p>Insurance during transportation</p> Signup and view all the answers

    What is a major constraint in the logistics sector?

    <p>Slow adoption of new technologies</p> Signup and view all the answers

    What is a key consideration when deciding whether to ship by air?

    <p>If the goods require a cold chain</p> Signup and view all the answers

    What is a principle for shipping by air?

    <p>1:4 ratio rule</p> Signup and view all the answers

    What is a factor that affects the mode of transportation in logistics management?

    <p>All of the above</p> Signup and view all the answers

    What is a crucial element in warehouse management?

    <p>Material Handling Equipment (MHE)</p> Signup and view all the answers

    What is a key aspect of logistics management?

    <p>Quality Control and Compliance</p> Signup and view all the answers

    What is a major challenge facing the logistics sector?

    <p>Enhancing Logistics Performance Index (LPI)</p> Signup and view all the answers

    What is a key concept related to logistics management?

    <p>Logistics 4.0</p> Signup and view all the answers

    What is a critical component of the supply chain framework?

    <p>Logistics</p> Signup and view all the answers

    What is another term often associated with logistics?

    <p>Supply Chain Management</p> Signup and view all the answers

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