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The Hanseatic League introduced concepts such as consignment, just-in-time delivery, and customs documentation. Logistics has undergone a remarkable transformation over the course of history, shaped by key events that pushed boundaries, embraced innovation, and drove the evolution of trade and transportation. References: Ballou, R.
The two companies switched positions in 1991, an event which heralded the start of a decade-long decline for Kmart, which ended in bankruptcy in 2002 and led to a subsequent merger with Sears in 2004. According to our own research at Logistics Bureau, less than 40% of businesses have documented a strategy for their supply chain operations.
Of course, such plans could always be disrupted by forces outside the industry’s control. Only two of Turkey’s international ports are now state-owned after a 2004 act that allowed six of the biggest – Iskenderun, Derince, Band?rma, rma, Izmir, Samsun and Mersin – to be privatised. .
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