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ID number:605916
Evaluation:
Published: 23.05.2004.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Industry value chain - Market Trend
While international commerce and cross-border transport steadily increase, customer needs are becoming more extensive as well as more specific at both the national and international levels. Correspondingly, in the Group's dynamic environment, only those who recognize the general economic trends and convert them into innovative solutions, can be successful.
Globalization
Globalization continues to advance in production and in distribution - industry and trade increasingly act globally. The resulting international interconnection of procurement and sales markets is motivating companies to concentrate increasingly on their core competencies and to employ external specialists for numerous services. The best example of this is logistics.

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