Fortune 500 Logistic Company Analysis
Fortune 500 Logistic Company
The Fortune 500, a global cargo and logistics services organization, is a multi-national business entity, operating in 22 different countries around with 400 corporate offices and warehouses in these countries. It is considered to be United States’ 15th most considerable freight and logistics company, making approximately 200 million dollars a year (Kivi,.1991). Though Fortune 500 logistic company is among the biggest logistic services company of the states, it still needs to have improved in some of its areas:
Fortune 500 is providing logistics on a global scale since last 20 years, and have improved with each passing day since its beginnings, though its transporting vehicles like cargo ships, trucks and other smaller vehicles are of state of the art and well maintained. But the problem has always been with the space in its warehouse which has always remained one of the biggest reason of inability on the part of the company to look for more projects (Leplat,.1984). Either some new pieces of land would have to buy by the company, or some adjustment like double tucker racks would have to be put in every warehouse around the world since this one of the major shortcomings one can see clearly.
Frequent shortage of labor/ workforce
As we have mentioned above that the company in question has its operations in around 400 locations around the world. But unfortunately, the administrative body of the company sometimes lacks far behind from other competitive companies when it comes about the human resources and agility in loading or unloading the commodities it is transporting from one place to another. This weakness in employee’s management would eventually fade the reputation of the company at large since there are already some complaints from customer’s end about the late deliveries and untidy and unprofessional packing issues (MacDonald,.1996). Then there is some problem in demarcations of goods as well, which ends up in someone`s self-packet to someone self, which again is a mistake from the side of main labor power.
As we have discussed above two separate and severe shortcoming at the part of the company, a company which is very trusted by it customer around the world. The stakeholders and the beneficiary of the company have two looks at the administrative issues personally. Otherwise, the name which has remained made in years of hard work would be annulled in a matter of months because of recklessness.
Kivi, P., & Mattila, M. (1991). Analysis and improvement of work postures in the building industry: application of the computerised OWAS method. Applied ergonomics, 22(1), 43-48.
Leplat, J., & Rasmussen, J. (1984). Analysis of human errors in industrial incidents and accidents for improvement of work safety. Accident Analysis & Prevention, 16(2), 77-88.
MacDonald, H. (1996). Why business improvement districts work. Civic Bulletin, 4, 1-3.