ABSTRACT
The global logistics operator must be conversant with the global trade scene to ensure strategically that they keep pace with changes and opportunities.
A book written by Alan Greenspan, which was published in 2007 by the Penguin Press, identifies the areas and changes that have emerged during his chairmanship of the US Federal Reserve Board during the period 1987-2006. The book is entitled The Age of Turbulence. It traces the changing global scene with particular emphasis on the challenges running the US economy and its interface with the global economy – in particular, future trends and the shift to the reliance on China and the Far East as a manufacturing base, and the growth of technology and the changing structure of the global capital markets. Overall, it focuses on the structure of the world economy up to 2030. Significantly, one can identify the growing importance of global logistics and international supply chain management in the changing scene on longer supply chains spanning numerous cultures and differing economic structures and infrastructures. It is an exciting period of global logistics development.
