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

    How many dimensions are used to calculate the LPI score?

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

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

    <p>Financial management</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</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%</p> Signup and view all the answers

    Why do transatlantic routes have higher schedule reliability?

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

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

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

    Why do terminal operators need to allocate more space?

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

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

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

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

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

    Which alliance has the most ships?

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

    Which alliance is coming to an end in 2025?

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

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

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

    How many ports does THE Alliance cover?

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

    Which alliance has a capacity of 3.8 million TEUs?

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

    How many years was THE Alliance recently extended for?

    <p>10 years</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.</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.</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.</p> Signup and view all the answers

    How did the industry respond to tough operating conditions?

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

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

    <p>Hanjin Shipping</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.</p> Signup and view all the answers

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

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

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

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

    The top LPI quintile includes countries with severe logistics constraints.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Maersk Line is a leading provider of oil production services.

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

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

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

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

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

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

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

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

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

    Carriers in an alliance cannot share vessels and networks.

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

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

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

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