Logistics refers to the detailed coordination and implementation of complex operations involving people, facilities, and supplies. It encompasses the planning, execution, and management of the flow of goods, information, and resources from the point of origin to the point of consumption. The main objectives of logistics are to ensure that products are delivered to the right location, at the right time, in the right condition, and at the right cost. This process often includes various activities such as transportation, warehousing, inventory management, order fulfillment, and distribution. Logistics is critical in supply chain management, as it directly impacts a company’s efficiency, effectiveness, and overall customer satisfaction.
The BMW Group is set to pioneer hydrogen technology in its Regensburg production facility, with plans to incorporate hydrogen-powered vehicles into its logistics operations by 2026. These innovative tractors and…
