Definition of Logistics
The process of strategically managing the movement and storage of materials or
products and related information from any point in the manufacturing process
through consumer fulfillment.
Logistics Industry
Includes packaging
companies, suppliers to the industry, transportation brokers, rail, consultants,
steam ships, air, ocean vessels, small package shipment, site management,
fulfillment companies, warehouses, ports, motor carriers, contract companies,
intermodal companies, packaging companies
Logistics industry revenue totals 800 billion dollars
annually. Of that total, 600 billion is transportation, 100 billion is
warehousing, and 100 billion is industry related services (profit sharing,
information technology, etc.)
Public and Contract Warehousing
Contract warehousing is the fastest growing
segment of the logistics industry and is expected to grow at a rate of 12 to 15
percent over the next two years. Public warehousing is also expected to grow by
a rate of 6 to 8 percent during that time.
Public and contract warehousing represent 18% of the $100 billion warehouse
industry
Basic Types of Warehousing
Private Warehousing
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