{"id":18383,"date":"2020-08-06T17:56:44","date_gmt":"2020-08-06T08:56:44","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=18383"},"modified":"2023-02-16T17:36:49","modified_gmt":"2023-02-16T08:36:49","slug":"past-present-future-logistics","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-08-past-present-future-logistics\/","title":{"rendered":"The past, present, and future of logistics"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"18383\" class=\"elementor elementor-18383\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-737a6f86 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"737a6f86\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b70ee8b\" data-id=\"b70ee8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ec2a17c elementor-widget elementor-widget-image\" data-id=\"ec2a17c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-at-aglance_v2-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM5MjgsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzA4XC90cmFkaW5nLWxvZ2lzdGljcy1hdC1hZ2xhbmNlX3YyLTEuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"151\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-at-aglance_v2-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33928\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-at-aglance_v2-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-at-aglance_v2-1-300x59.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-166c374 elementor-widget elementor-widget-text-editor\" data-id=\"166c374\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As with most areas of the economy this year, the\u00a0<a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/industry_ext_content\/ifc_external_corporate_site\/infrastructure\/resources\/the+impact+of+covid-19+on+logistics\" target=\"_blank\" rel=\"noopener noreferrer\">logistics business<\/a>\u00a0is having to evolve fast. We are seeing a kind of acceleration of the Fourth Industrial Revolution with demand for digitalization rising and harnessing the power of technology in every sector.<\/p><p>At the basic level, logistics involves the commercial activity of transporting goods to customers. For a trading company, logistics is clearly one of the key factors that decide its competitiveness. Naturally then, Samsung C&amp;T pays close attention to any factors that affect the efficiency of logistics and timely delivery of items.<\/p><p>This article will take a look at the story of logistics so far before asking what the future of logistics might look like.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b21ba72 elementor-widget elementor-widget-image\" data-id=\"b21ba72\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-photo-1-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM5MjksInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzA4XC90cmFkaW5nLWxvZ2lzdGljcy1waG90by0xLTEuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"255\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-photo-1-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33929\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-photo-1-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-photo-1-1-300x100.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15bba94 elementor-widget elementor-widget-heading\" data-id=\"15bba94\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">From logistikas to logistics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cbf133 elementor-widget elementor-widget-text-editor\" data-id=\"8cbf133\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These days, almost anywhere in the world you can enjoy fresh fruit for breakfast or wear clothes designed and made thousands of kilometers away. But it was not always like this. The rapid development of logistics has opened up an array of choices for a truly global community.<\/p><p>In his book \u201cThe First of Everything: A History of Human Invention, Innovation and Discovery,\u201d author Stewart Ross traces logistics back to the word \u201clogistikas,\u201d referring to ancient Roman military generals who managed human resources, food, and weapons. Logistics evolved from a military reference to include\u00a0<a href=\"https:\/\/www.britannica.com\/topic\/logistics-business\" target=\"_blank\" rel=\"noopener noreferrer\">business activities<\/a>\u00a0during the 20th century. Not that the idea of trading and transporting goods was not already well established. Products from China were reaching Rome via the\u00a0<a href=\"https:\/\/www.weforum.org\/agenda\/2019\/01\/how-globalization-4-0-fits-into-the-history-of-globalization\/\" target=\"_blank\" rel=\"noopener noreferrer\">Silk Road<\/a>\u00a0as early as the 1st century B.C.<\/p><p>While there have been many technological leaps since then, perhaps the most revolutionary of these occurred in the 1950s. The invention of the\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/a-brief-history-of-shipping-1516789500\" target=\"_blank\" rel=\"noopener noreferrer\">shipping container<\/a>\u00a0changed both logistics and the world. Even ancient civilizations recognized the benefits of transporting items by water, but the standardization of shipping containers meant that all kinds of goods could be moved in a uniform way across seas and oceans before being conveniently loaded onto trains or trucks.<\/p><p>By the 1980s, there were so many purpose-built container ships that 90 percent of manufactured goods were moving via shipping containers \u2013 items like clothing, electronics, food, and heavy machinery. That has risen to 95 percent, or\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/a-brief-history-of-shipping-1516789500\" target=\"_blank\" rel=\"noopener noreferrer\">USD 4 trillion of goods<\/a>, shipped in containers annually, as refrigerated shipping has further opened the way for fresh produce to move by ship rather than plane. Other big logistical breakthroughs include the opening of routes for even very large vessels due to the expansion of the Panama and Suez Canals.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93e2922 elementor-widget elementor-widget-image\" data-id=\"93e2922\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-1_v2-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Transformation Of Logistics\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM5MzAsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjBcLzA4XC90cmFkaW5nLWxvZ2lzdGljcy1pbmZvZ3JhcGhpYy0xX3YyLTEuanBnIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"678\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-1_v2-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33930\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-1_v2-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-1_v2-1-300x265.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-493898a elementor-widget elementor-widget-image\" data-id=\"493898a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"645\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-2-1-940x645.jpg\" class=\"attachment-large size-large wp-image-33931\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-2-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2020\/08\/trading-logistics-infographic-2-1-300x206.jpg 300w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e86072 elementor-widget elementor-widget-text-editor\" data-id=\"9e86072\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Amid all the changes of the 20th century, Samsung C&amp;T was founded as a trading company in 1938. In line with the growth of logistics, the company has quickly expanded since then, now operating about 80 oversees offices across 45 countries and focusing on the key business areas of chemicals, steel, energy, and materials.<\/p><p>\u201cBy constantly striving to expand our expertise and logistics capabilities, we create value in a constantly changing market,\u201d explains Principal Professional Park Jeong-min of Samsung C&amp;T Trading &amp; Investment Group.<\/p><p>\u201cOur global network is a significant part of our core competitiveness, as we secure a differentiated edge in the value chain while seeking comprehensive solutions for customers\u2019 needs,\u201d he adds. \u201cAnd also in terms of the value chain of a trading company\u2019s sales activities we are focusing on developing new business areas with various logistics functions added.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20b912c elementor-widget elementor-widget-heading\" data-id=\"20b912c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Another revolution in progress?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32c4b22 elementor-widget elementor-widget-text-editor\" data-id=\"32c4b22\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As digitalization impacts ways of doing business across almost every sector, it is only to be expected that technological advances related to artificial intelligence (AI), the Internet of Things, big data, and blockchain will bring about significant changes to logistics.<\/p><p>In the same way that shipping containers made moving goods easier, the adoption of new technologies can foster further efficiency.\u00a0<a href=\"https:\/\/www.pwc.com\/sg\/en\/publications\/assets\/future-of-the-logistics-industry.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Experts believe that machine learning and AI<\/a>\u00a0will become an essential next step for the logistics industry in the near future, anticipating greater supply transparency, sharper market awareness, and lower costs.<\/p><p>This need to move forward rapidly has only been underscored by the\u00a0<a href=\"https:\/\/www.mckinsey.com\/industries\/travel-logistics-and-transport-infrastructure\/our-insights\/global-freight-flows-after-covid-19-whats-next\" target=\"_blank\" rel=\"noopener noreferrer\">changing trade environment<\/a>\u00a0this year. In terms of what happens beyond that, it is\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/a-brief-history-of-shipping-1516789500\" target=\"_blank\" rel=\"noopener noreferrer\">not far-fetched<\/a>\u00a0to anticipate self-operating shipping vessels fueled by entirely clean energy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-509d8e0 elementor-widget elementor-widget-heading\" data-id=\"509d8e0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Samsung C&amp;T\u2019s place in a changing world<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2e30c8 elementor-widget elementor-widget-text-editor\" data-id=\"b2e30c8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For trading companies like Samsung C&amp;T, these technological steps are taken while keeping in mind the people who remain the most vital part of the process. This is true of suppliers and producers in the form of business relationships, as well as consumers who drive demand. If the next logistics revolution improves the process for all of those concerned, then let&#8217;s welcome the brave new world.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>As with most areas of the economy this year, the\u00a0logistics business\u00a0is having to evolve fast. We are seeing a kind of acceleration of the Fourth Industrial Revolution with demand for digitalization rising and harnessing the power of technology in every sector. At the basic level, logistics involves the commercial activity of transporting goods to customers. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-18383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The past, present, and future of logistics - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2020-08-past-present-future-logistics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The past, present, and future of logistics - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"As with most areas of the economy this year, the\u00a0logistics business\u00a0is having to evolve fast. We are seeing a kind of acceleration of the Fourth Industrial Revolution with demand for digitalization rising and harnessing the power of technology in every sector. At the basic level, logistics involves the commercial activity of transporting goods to customers. 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