The Investigation on the Application of Digital Technologies for Logistics Business Competitiveness
Year: 2024
Type: article
Abstract: The logistics sector's performance is integral to nations' economic and industrial progress. The advent of digital technologies marks a monumental historical shift, impacting worldwide transformations in structural organization, business strategies, economic principles, and regulatory frameworks. The landscape of logistics management provides a fertile ground for integrating these digital advancements, as exemplified by the dynamic emergence of logistics 4.0. This study evaluates how implementing digital technology profoundly influences logistics management's competitiveness in the business context. The study investigates applying digital technologies within the logistics sector using multi-stage methodology, which integrated different methods: the formation of hierarchy of quantitative methods and the application of statistical data analysis methods. Statistical data analysis helps to collect knowledge about logistics business, the application of digital technologies and its performance within European Union (EU) countries. The application of hierarchy of quantitative methods allows to compare the applications of various technologies with digital technologies and the competitiveness of various sectors with logistics sector competitiveness. These findings accentuate the intricate interplay between technological advancement and competitiveness within the logistics sector. The study contributes to a deeper comprehension of how digital technologies reshape competitive dynamics and lays the foundation for refined logistics practices in an increasingly digital-driven world.
Source: Tehnički glasnik
Authors: Aurelija Burinskiene, Diana Daškevič
Institution: Vilnius Gediminas Technical University
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4403398800