Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities
The recent economic recession in Greece has had a detrimental impact on all national business activities, with the logistics industry being one of the most affected sectors primarily due to the significant decrease in market demand for goods and services. In this regard, the aim of this research is...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2018-08-01
|
| Series: | Logistics |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2305-6290/2/3/16 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850057233430216704 |
|---|---|
| author | Dimitrios Folinas Naoum Tsolakis Dimitrios Aidonis |
| author_facet | Dimitrios Folinas Naoum Tsolakis Dimitrios Aidonis |
| author_sort | Dimitrios Folinas |
| collection | DOAJ |
| description | The recent economic recession in Greece has had a detrimental impact on all national business activities, with the logistics industry being one of the most affected sectors primarily due to the significant decrease in market demand for goods and services. In this regard, the aim of this research is to identify key challenges and prospects for the Greek logistics services industry stemming from the recent economic crisis era through a critical literature taxonomy, a semantic analysis of the reviewed articles, and a questionnaire-based survey involving 140 executives from the third-party logistics sector. In principal, the recent economic crisis is reported to have significantly affected logistics service providers, thus further imposing structural reforms in the industry. The reduction in operating profits of transport companies is noticeable with the onset of the economic crisis, specifically in 2016. Nevertheless, logistics executives are optimistic regarding the near future, provided that educated and informed strategic management decisions are made and inventive business practices are embraced. |
| format | Article |
| id | doaj-art-599ea8aa39544e4f8607139eebcbda2f |
| institution | DOAJ |
| issn | 2305-6290 |
| language | English |
| publishDate | 2018-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj-art-599ea8aa39544e4f8607139eebcbda2f2025-08-20T02:51:28ZengMDPI AGLogistics2305-62902018-08-01231610.3390/logistics2030016logistics2030016Logistics Services Sector and Economic Recession in Greece: Challenges and OpportunitiesDimitrios Folinas0Naoum Tsolakis1Dimitrios Aidonis2Department of Supply Chain Management and Logistics, Technological Educational Institute of Central Macedonia, 60 100 Katerini, GreeceDepartment of Engineering, School of Technology, Centre for International Manufacturing, Institute for Manufacturing (IfM), University of Cambridge, Cambridge CB3 0FS, UKDepartment of Supply Chain Management and Logistics, Technological Educational Institute of Central Macedonia, 60 100 Katerini, GreeceThe recent economic recession in Greece has had a detrimental impact on all national business activities, with the logistics industry being one of the most affected sectors primarily due to the significant decrease in market demand for goods and services. In this regard, the aim of this research is to identify key challenges and prospects for the Greek logistics services industry stemming from the recent economic crisis era through a critical literature taxonomy, a semantic analysis of the reviewed articles, and a questionnaire-based survey involving 140 executives from the third-party logistics sector. In principal, the recent economic crisis is reported to have significantly affected logistics service providers, thus further imposing structural reforms in the industry. The reduction in operating profits of transport companies is noticeable with the onset of the economic crisis, specifically in 2016. Nevertheless, logistics executives are optimistic regarding the near future, provided that educated and informed strategic management decisions are made and inventive business practices are embraced.http://www.mdpi.com/2305-6290/2/3/16economic recessionlogistics services sectorGreecethird-party logistics (3PL)logistics functional areascritical taxonomysemantic analysistext miningword co-occurrencesquestionnaire-based survey |
| spellingShingle | Dimitrios Folinas Naoum Tsolakis Dimitrios Aidonis Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities Logistics economic recession logistics services sector Greece third-party logistics (3PL) logistics functional areas critical taxonomy semantic analysis text mining word co-occurrences questionnaire-based survey |
| title | Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities |
| title_full | Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities |
| title_fullStr | Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities |
| title_full_unstemmed | Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities |
| title_short | Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities |
| title_sort | logistics services sector and economic recession in greece challenges and opportunities |
| topic | economic recession logistics services sector Greece third-party logistics (3PL) logistics functional areas critical taxonomy semantic analysis text mining word co-occurrences questionnaire-based survey |
| url | http://www.mdpi.com/2305-6290/2/3/16 |
| work_keys_str_mv | AT dimitriosfolinas logisticsservicessectorandeconomicrecessioningreecechallengesandopportunities AT naoumtsolakis logisticsservicessectorandeconomicrecessioningreecechallengesandopportunities AT dimitriosaidonis logisticsservicessectorandeconomicrecessioningreecechallengesandopportunities |