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Logistics 2018, 2(3), 16; https://doi.org/10.3390/logistics2030016

Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities

1
Department of Supply Chain Management and Logistics, Technological Educational Institute of Central Macedonia, 60 100 Katerini, Greece
2
Department of Engineering, School of Technology, Centre for International Manufacturing, Institute for Manufacturing (IfM), University of Cambridge, Cambridge CB3 0FS, UK
*
Author to whom correspondence should be addressed.
Received: 3 August 2018 / Revised: 25 August 2018 / Accepted: 27 August 2018 / Published: 30 August 2018
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Abstract

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. View Full-Text
Keywords: 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 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
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Folinas, D.; Tsolakis, N.; Aidonis, D. Logistics Services Sector and Economic Recession in Greece: Challenges and Opportunities. Logistics 2018, 2, 16.

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