Week 5: LPI and Maersk Case Study - International Logistics Performance
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Questions and Answers

What is the highest possible score a country can achieve in the Logistics Performance Index (LPI)?

  • 5 points (correct)
  • 3 points
  • 1 point
  • 10 points

Which group of countries faces severe logistics constraints?

  • Logistics unfriendly (correct)
  • Partial performers
  • Logistics friendly
  • Consistent performers

What is the category for countries with a high level of logistics performance, mostly comprising high-income countries?

  • Logistics unfriendly
  • Partial performers
  • Logistics friendly (correct)
  • Consistent performers

Which of the following is NOT a category of LPI scores?

<p>High performers (C)</p> Signup and view all the answers

What is the purpose of the Logistics Performance Index (LPI)?

<p>To measure the logistics performance of a country (C)</p> Signup and view all the answers

How many dimensions are used to calculate the LPI score?

<p>6 dimensions (C)</p> Signup and view all the answers

What is the primary objective of the Global Logistics Performance Index (LPI)?

<p>To assess the quality of a country's connection to the global market (C)</p> Signup and view all the answers

What is one of the key dimensions assessed by the LPI in terms of infrastructure?

<p>Quality of trade and transport-related infrastructure (D)</p> Signup and view all the answers

Which of the following is NOT a dimension of the LPI?

<p>Financial management (D)</p> Signup and view all the answers

What is the focus of the 'International shipments' dimension in the LPI?

<p>The ease of arranging competitively priced shipments (C)</p> Signup and view all the answers

What percentage of ships arrive 1 to 3 days late on Asia/Europe trade routes and trans-pacific experiences?

<p>33% (A)</p> Signup and view all the answers

Why do transatlantic routes have higher schedule reliability?

<p>Due to fewer port calls and shorter distances (B)</p> Signup and view all the answers

What is the significance of 'Tracking & tracing' in the LPI?

<p>It assesses the ability to track and trace consignments (A)</p> Signup and view all the answers

What is a challenge that supply chain managers face due to low schedule reliability?

<p>Increased inventory (C)</p> Signup and view all the answers

What is the 'Timeliness' dimension of the LPI concerned with?

<p>The timeliness of shipments in reaching the destination within the scheduled or expected delivery time (C)</p> Signup and view all the answers

Why do terminal operators need to allocate more space?

<p>To buffer the lack of reliability (A)</p> Signup and view all the answers

What is a characteristic of water carriers that can disrupt service?

<p>Weather (A)</p> Signup and view all the answers

In what type of traffic are water carriers an attractive alternative?

<p>Low-value traffic (D)</p> Signup and view all the answers

Which alliance has the most ships?

<p>THE Alliance (B)</p> Signup and view all the answers

Which alliance is coming to an end in 2025?

<p>THE Alliance (D)</p> Signup and view all the answers

Who will be stepping away from the 2M alliance in January 2025?

<p>Maersk (A)</p> Signup and view all the answers

How many ports does THE Alliance cover?

<p>1,150 (A)</p> Signup and view all the answers

Which alliance has a capacity of 3.8 million TEUs?

<p>Gemini Cooperation (C)</p> Signup and view all the answers

How many years was THE Alliance recently extended for?

<p>10 years (C)</p> Signup and view all the answers

What impact did falling oil prices have on Maersk Oil?

<p>Significant losses were reported due to the drop in oil prices. (D)</p> Signup and view all the answers

What measure did the container shipping industry adopt to cope with overcapacity?

<p>Slow steaming and laying up ships. (C)</p> Signup and view all the answers

What impact did overcapacity in the shipping industry have on revenue?

<p>Revenue decreased by over 16% from the peak in 2008. (C)</p> Signup and view all the answers

How did the industry respond to tough operating conditions?

<p>Through mergers and acquisitions for survival. (B)</p> Signup and view all the answers

Which shipping company went bankrupt, emphasizing the challenges in the industry?

<p>Hanjin Shipping (C)</p> Signup and view all the answers

In response to overcapacity, what alliances were formed among shipping companies?

<p>Conferences to utilize each other's route coverage. (C)</p> Signup and view all the answers

The Logistics Performance Index (LPI) ranks 150 countries' logistics performance.

<p>False (B)</p> Signup and view all the answers

The 'Infrastructure' dimension of the LPI includes the quality of trade and transport-related infrastructure such as airports.

<p>False (B)</p> Signup and view all the answers

The 'Logistics competence' dimension of the LPI measures the competence and quality of logistics services provided by customs brokers.

<p>True (A)</p> Signup and view all the answers

The 'Tracking & tracing' dimension of the LPI measures the ability to track and trace consignments in real-time.

<p>True (A)</p> Signup and view all the answers

The 'Timeliness' dimension of the LPI is concerned with the speed of shipments.

<p>False (B)</p> Signup and view all the answers

The Logistics Performance Index (LPI) is used to assess the quality of a country's connection to the local market.

<p>False (B)</p> Signup and view all the answers

The LPI scores range from 0 to 10 points, with 10 points indicating the best performance.

<p>False (B)</p> Signup and view all the answers

The top LPI quintile includes countries with severe logistics constraints.

<p>False (B)</p> Signup and view all the answers

The LPI scores are divided into seven groups, corresponding to the scoring septiles.

<p>False (B)</p> Signup and view all the answers

Countries with a level of logistics constraints often seen in low- and middle-income countries are categorized as 'Logistics friendly'.

<p>False (B)</p> Signup and view all the answers

The LPI is a ranking of countries based on their air transport infrastructure.

<p>False (B)</p> Signup and view all the answers

The LPI is a ranking of countries based on their income level.

<p>False (B)</p> Signup and view all the answers

Weather conditions such as heavy rains and droughts do not affect water carrier service.

<p>False (B)</p> Signup and view all the answers

Terminal operators need to allocate more space due to high schedule reliability.

<p>False (B)</p> Signup and view all the answers

Water carriers are an attractive alternative for high-value traffic.

<p>False (B)</p> Signup and view all the answers

Rivers and lakes never freeze during the winter months in the northern states.

<p>False (B)</p> Signup and view all the answers

Asia/Europe trade routes and trans-pacific experiences have high schedule reliability.

<p>False (B)</p> Signup and view all the answers

Maersk experienced a decline in growth during the late 1990s to 2000s.

<p>False (B)</p> Signup and view all the answers

Maersk Group was the world's largest shipping conglomerate by 2015.

<p>False (B)</p> Signup and view all the answers

APM Terminals is a provider of port and terminal services in Europe only.

<p>False (B)</p> Signup and view all the answers

The container shipping industry revenue increased by 16% from its peak in 2008.

<p>False (B)</p> Signup and view all the answers

Maersk Oil was a significant player in the natural gas industry.

<p>False (B)</p> Signup and view all the answers

Hanjin Shipping's bankruptcy was a result of the company's poor management.

<p>False (B)</p> Signup and view all the answers

Maersk Line is a leading provider of oil production services.

<p>False (B)</p> Signup and view all the answers

Chinese government's initiatives were focused solely on boosting shipbuilding capacity.

<p>False (B)</p> Signup and view all the answers

Maersk has an option to join an alliance in the maritime logistics industry.

<p>True (A)</p> Signup and view all the answers

Alliances in the maritime logistics industry are only formed for short-term purposes.

<p>False (B)</p> Signup and view all the answers

China's government has no influence on the shipping industry.

<p>False (B)</p> Signup and view all the answers

Carriers in an alliance cannot share vessels and networks.

<p>False (B)</p> Signup and view all the answers

Alliances are not essential for maintaining competitiveness in the liner shipping market.

<p>False (B)</p> Signup and view all the answers

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