Factors Influencing Globalization of Logistics Management in Nigeria
Authors: Ayodeji Dennis Adeitan, Clinton Aigbavboa, Oyindamola Cynthia Olubiyo
Abstract: Companies in the developed world operates easily in the global market because the factors that influence globalization of logistics management have been studied and the elements influencing globalization have made the process flexible and accommodating. But little is known about the factors that influence globalization of logistics management in Nigeria. Therefore, this study set out to determine the various factors that could influence globalization of logistics management in Nigeria. The study adopted a quantitative approach through the use of a questionnaire survey carried out among selected professionals and consultants in operations, logistics and supply chain department of companies within Lagos, Nigeria. Data gathered were analysed using percentages, mean item score and factor analysis. The research instrument reliability was verified using Cronbach alpha test while the factorability of the data collected was tested using the Kaiser-Meyer-Olkin measure of sampling adequacy and Bartlett's Test of Sphericity. The result revealed that the three cluster factors that influence globalization of logistics management in Nigeria are political, cultural, and economic which were ranked highest. The findings also revealed that all respondents have similar views on the factors that influence globalization in Nigeria. Lastly, since the respondents have agreed that the factors listed influence globalization of logistics management, it is therefore necessary for the Nigerian government and stakeholders in logistics management to look into these factors as a way of closely integrating markets, economies, societies, and ensuring more products are available to consumers universally.
Keywords: Logistics management, global market, survey, factor analysis, economic factors
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