ASSIGNMENT 2- Discuss how the advancement in transport and
communication technology is making the world a global village.
Explain various information communication technology tools used in
international logistics.
The world has truly become a global village thanks to the development of
transportation and communication technologies, which have eliminated historical
barriers and promoted seamless connectivity across national boundaries.
Instantaneous, real-time communication has been made possible by
communication technology, allowing businesses to work together and make
decisions regardless of geographic distance. Teams all over the world are now
connected through video conferencing, instant messaging, and collaboration
platforms, which promote improved communication and decision-making.
A variety of Information and Communication Technology (ICT) tools are used in
international logistics to help improve supply chain integration and efficiency.
Systems for enterprise resource planning (ERP) and warehouse management
(WMS) optimize inventory and order fulfillment, respectively, and streamline
business processes. Electronic Data Interchange (EDI) makes it easier for trading
partners to exchange business documents electronically, and Transportation
Management Systems (TMS) improve the planning and execution of
transportation operations.
International logistics are further enhanced by technologies such as Blockchain,
Internet of Things (IoT), and Artificial Intelligence (AI). IoT devices offer real-time
data on the location and condition of goods, blockchain guarantees safe and
transparent transactions, and artificial intelligence (AI) analyzes enormous
datasets to improve decision-making. By improving visibility, efficiency, and
coordination throughout the logistics network, these tools enable businesses to
operate globally with never-before-seen levels of speed, accuracy, and
cooperation.