1) This week you will identify and discuss 2-3 emerging concepts within the transportation and logistics field. You will have to conduct online research to determine what emerging concepts have surfaced over the past 1-2 years.
2) Discuss in detail to include a definition or explanation of the emerging concept, the importance it plays in the TLM field (currently), a forecast of where you see this heading in the future, and its potential future impact within the TLM field.
3) Provide sources to support your thoughts, insights, ideas, and statements.
4) Complete this Forum by giving an update on your project. What topics or essential elements will you include in your project? Why?
My project and topics is The study was conducted to discuss the Identify an emerging concept such as reverse logistics,
green logistics, etc. and analyze its impact on the future of transportation and logistic
The study sampled several organizations known for practicing reverse logistics in their production process. The study adopted the descriptive study methodology and employed the logarithmic mean to establish the average benefits. In establishing the benefits that a firm accrued by practicing reverse logistics, i.e. collecting used products and materials from customers to be reused, recycled, or up-cycled into other products and treating these materials as valuable industrial nutrients instead of disposing them of as trash, we compared firms practicing reverse logistics and those that do not. Basic descriptive statistics such as the mean, median, standard deviation, kurtosis and skewness was used as a preliminary analysis of the behavior of general benefits enjoyed by a firm practicing reverse logistics. Different possible benefits were assigned scores to enable the comparison. The results of the study showed that there are so many advantages of engaging in reverse logistics and also the firms practicing reverse logistics felt more contented as they knew they were doing something o reduce environmental degradation.