Logistics is an essential aspect of any business, involving the planning, implementation, and control of goods’ movement from one point to another. In Saudi Arabia, logistics can be categorised into three main types: domestic logistics, international logistics, and cross-border logistics. Each type has unique characteristics distinguishing it from the others.
The Problem(s): In the transportation industry, Billions are tied up in disputes for payments every day. For an average invoice, a company has to wait 42 days before receiving payment. Many businesses have millions of dollars tied up in their accounts. In addition, processing and administration costs account for 20%
Gulf Cooperation Council (GCC) have experienced immense growth in the last few decades due to the large gas and oil reserves in the region. The governments in the countries have also played a key role in diversifying the economies through increased spending in other sectors other than oil and gas.
