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Name:

Rondeeda Magby

Instructors:

Victoria Narkon/Diane Lancaster

Course:

Principles of Transportation and Logistics Management

Date:

June 6, 2018

Course Reflection I have learned a lot from this class. When I started this class, I thought I had a pretty good understanding of transportation and logistics, but I found out that there are a lot of variables involved in transportation and logistics. I’ve learned that effective logistics can only be achieved through operative infrastructures and managerial expertise. One thing that stood out to me the most is about the importance of transportation. Transportation infrastructure is most important for a countries sustainability and growth. Without transportation infrastructure a country may not be able to send their goods to markets who will purchase them. Their goods will rot and decay, and no money will be made to sustain the country’s economy. Likewise, it will adversely affect incoming shipments as well. A welldeveloped transportation system is critical to a nation’s economy. Ports for container ships, airports for cargo planes, railways for trains, and highways for trucking, are critical to the development of second and third-world countries and the viability of current developed countries. Transportation infrastructure supports economic growth with increased productivity, enhanced jobs and labor market accessibility, as well as opens new markets for business and enhances the supply chain efficiency. Transportation has a huge impact on the global supply chains as it allows for countertrade opportunities, as well as insourcing and outsourcing. Increased globalization has the opportunities improve the economies of many countries. I’ve learned that even though a country can produce goods, they can still struggle with trade, due to lack of transportation infrastructure. Another topic that I enjoyed learning more about is transportation security. I’ve learned about the transportation risk management process and the importance of aligning the risk management objectives with the organizations strategies and goals. There are four steps to risk

management. The first step is to identify risks. Once the risks are identified, it is important to analyze the risks, learning what the probability or the likelihood of the risk happening, what the impact or consequences are if the risk occurs, and the proximity or the anticipated time of the event. The third step is to create a risk management strategy to lower the probability of risk occurrence. Step four is to review the risk and monitor the effects of the strategy. Transportation is vital to the economy. I have learned a lot about how transportation can be managed to effectively grow business and the economy.