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The Influence of Logistics Competence in International Trade in Sri Lanka: A Contemporary Study

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Document pages: 8 pages

Abstract: International trade refers to the exchange of capital, goods, and services across international borders or territories. It is a crucial factor because, in most countries, such trade represents a significant share of gross domestic product (GDP). The paradigm of interconnectedness continues to hold command in today’s global community (Edirisinghe, 2017). International trade and international logistics involve activities related to the global exchange of goods and services to satisfy needs. These activities include acquiring, developing and managing physical, financial, and human resources. International trade has existed throughout history as evident in concepts such as Uttarapatha, Silk Road, Amber Road, Scramble for Africa, Atlantic Slave Trade, and Salt Roads. With globalization, the international trade became a very complicated and fast evolving phenomenon. Logistics competence became one of primary key performance indicator (KPI) in international trade.

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