Importance of Logistics
•Not only is logistics essential, but it is also expensive.
•One rule of thumb suggests that logistics costs are 15–20 per cent of turnover.
•The USA has a GDP of $10 trillion, so it might spend $1–2 trillion dollars a year on logistics, with half of this spent on transport.
•The UK government, for example, says that 12 per cent of the GDP comes from wholesale and retail trades and 6 per cent comes from transport and storage.