Roles of trade logistics to the development of international trade: A perspective of Nigeria

Abstract

Background: Trade logistics service delivery is a key aspect in a country’s economic success in both national and international trade activities. It is critical in attaining competitive advantages for businesses actively involved in international trade. The improvement of services, infrastructure and logistics has helped to reduce delays and cost in cross-border goods transactions, resulting in a considerable growth in international trade.Objective: The study investigates the contribution of trade logistics service delivery to the growth of international trade. Overall improvement of logistics services could be a significant step towards long-term facilitation of trade.Methods: Respondents were given questionnaires using a simple random selection technique. Structural equation modelling was then used to examine the structural relationships among variables that had been assessed.Findings: The results reveal that the delivery of trade logistics services has a substantial impact on trade development. Improving the logistics industry also allows for increased trade volume.Conclusion: It was suggested that governments, specifically middle-income nations, explore trade performance measurements in order to better enhance the exports and imports processes as well as to efficiently and effectively boost trade through the optimisation of the supply chain management.

Examining the Contribution of Logistics and Supply Chain in Boosting Oman’s Trade Network

“…This study is expected to add to research on the potential effects of LP on trade. The governments, particularly those of middle-income countries, are keen on improving exports and imports and increasing trade effectively and efficiently through the optimization of supply chain management (Salawu and Ghadiri 2022). The best strategy for middle-income countries is to improve logistical infrastructure, LP, and update the framework for import and export for economic prosperity (Yeo et al 2020).…”

“…Utilizing technology to digitize processes may result in greater transparency and visibility by enabling the flow of products and services across borders, improving LP benefits for both importers and exporters. Policy makers should be aware of this and eliminate bureaucratic obstacles that provide openings for fraud (Salawu and Ghadiri 2022).…”

“…The key findings from 134 peer-reviewed articles found that trade logistics affect the development of international trade. Salawu and Ghadiri (2022) empirically showed the positive influence of improved logistics services on the trade volume. Ma et al (2021) used the improved gravity model to determine the influence of logistics and supply chain on trade between China and 65 countries for the period of 2008 to 2018.…”