Logistics: meaning, definitions and examples

Etymology

• The term comes from the Greek word 'logistiki', which means 'the art of calculation'.
• Originally, it was used in military contexts to describe the management of troops and supplies.
• It gained popularity in business settings in the mid-20th century, reflecting the growth of trade and transportation.

History

• In World War II, logistics was critical for orchestrating troop movements and ensuring the supply of food and equipment.
• The 'Logistics Revolution' in the late 20th century transformed how companies manage supply chains, emphasizing efficiency.
• Ancient civilizations relied on sophisticated logistics to manage trade routes, with Roman roads enabling efficient transport of goods.

Business

• Modern companies now employ logistics software to streamline operations, enhancing productivity and reducing costs.
• Just-in-time logistics has become essential in manufacturing, minimizing storage costs by synchronizing production with delivery.
• E-commerce giants utilize advanced logistics networks to ensure fast delivery, significantly impacting customer satisfaction.

Technology

• Drones are increasingly being tested for logistics to improve last-mile delivery in hard-to-reach areas.
• Automation and robotics are revolutionizing warehouse logistics, improving efficiency and accuracy in order fulfillment.
• Data analytics helps companies forecast demand and optimize routes, reducing delivery times and costs.

Culture

• The rise of global e-commerce has made logistics a critical field, influencing buying behaviors and consumer expectations.
• Popular culture often reflects logistics challenges in movies or shows that involve heists or complex deliveries.
• Logistics professionals have become crucial actors in the global economy, yet their work often goes unnoticed.

Ranked #11,464, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.

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