Analyze the role of Maritime supply chains in achieving a competitive advantage in the market.

LO1. Analyse the role of Maritime supply chains in achieving a competitive advantage in the market.LO2. Apply performance monitoring and management in maritime supply chains.LO4. Assess and evaluate the advantages and disadvantages of the various types of networks that can develop in the supply chain.LO5. Assess and evaluate the differences between the liner shipping industry and the tramp shipping industry and their relationship with maritime logistics operations.
Answer & Explanation
VerifiedSolved by verified expert
Maritime supply chains play a critical role in achieving a competitive advantage in the market for companies that engage in international trade. Here are some ways in which maritime supply chains can contribute to a competitive advantage:

Cost efficiency: Maritime transportation is typically the most cost-efficient mode of transportation for long distances, especially for bulky and heavy cargoes. This can help companies lower their transportation costs and offer more competitive prices to customers.

Global reach: Maritime transportation

Looking for a similar assignment?

Let Us write for you! We offer custom paper writing services

Place your order

Step-by-step explanation
allows companies to reach customers and suppliers around the world. This enables them to tap into new markets, access a wider range of inputs, and diversify their customer base, which can help to reduce the risks associated with market fluctuations.

Flexibility: Maritime supply chains offer a high degree of flexibility, as shipping routes can be adjusted to respond to changes in demand or supply. This allows companies to adapt quickly to changing market conditions and stay ahead of the competition.

Sustainability: Maritime transportation is often considered a more environmentally sustainable mode of transportation than air or road transport. This can help companies to meet sustainability goals and improve their corporate social responsibility (CSR) reputation, which can be a competitive advantage in certain markets.

Control over inventory: Maritime transportation allows companies to control inventory levels more effectively. This is because shipping times are generally longer than other modes of transportation, allowing companies to better plan and manage their inventory.

Download PDF

Browse recently solved questions by verified experts, submitted by students like you.:

  1. Explain the steps that the trademark owner had to go through to have the trademark granted.
  2. Discover and communicate how organizations include or exclude communities.
  3. Compare themes regarding rejection of tradition in Gilman Perkins book “Herland and Related Writings” to the theme of a heightened awareness of marginalised people in Nella Larsen’s book called “Passing”.
  4. THE OPIOID EPIDEMIC IMPACT ON OPIOID PRESCRIBING IN HOSPICE AND PALLIATIVE CARE: A QUALITATIVE DESCRIPTION
#Logistics#Maritime Economics#Operations

We also provide you with convenient and trustworthy payment methods. Upon request, we can also furnish you with sample papers by your chosen writer to ascertain our quality