Supply Chain
In maritime context, supply chain refers to the network of entities, activities, information, and resources involved in the transportation, handling, and delivery of goods and services from the point of origin to the point of consumption. It encompasses all the stages of the logistics process, including procurement, production, inventory management, transportation, warehousing, and distribution. The efficiency and effectiveness of the supply chain are critical to the success of maritime businesses, as it impacts the cost, quality, and timeliness of the delivery of goods and services. Supply chain management involves the coordination and optimization of all the activities and resources involved in the supply chain to achieve the desired outcomes.
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News Source: CBS News on 2025-06-17
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News Source: ABC News on 2025-06-17
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News Source: CNN on 2025-06-17