Impact of Oil Price Evolution on Logistics Industry
Since 2020, two major crisis impacted the global environment: the COVID-19 pandemic and the Russia-Ukraine war. Both had a major impact on international trade and on the evolution of oil prices which has a direct effect on the logistics industry. The scope of our paper is to investigate the effects...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2022-12-01
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| Series: | Romanian Economic Journal |
| Subjects: | |
| Online Access: | http://www.rejournal.eu/article/impact-oil-price-evolution-logistics-industry |
| _version_ | 1811291374677393408 |
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| author | Ramona Iulia Dieaconescu Mihaela Gabriela Belu Maria Gheorghe |
| author_facet | Ramona Iulia Dieaconescu Mihaela Gabriela Belu Maria Gheorghe |
| author_sort | Ramona Iulia Dieaconescu |
| collection | DOAJ |
| description | Since 2020, two major crisis impacted the global environment: the COVID-19 pandemic and the Russia-Ukraine war. Both had a major impact on international trade and on the evolution of oil prices which has a direct effect on the logistics industry. The scope of our paper is to investigate the effects of oil price evolution on logistics activities, especially transport. Costs of shipment represent an important component of final prices for consumer products and they can influence the general rate of inflation. This is a major concern among government officials in all countries, as high inflation rates can have negative effects on national economies. Our paper is focused on analyzing price trends on each mode of transport, but also prices for integrated logistics services. The results of our analysis offer insight on the logistic market trends and can be useful to professionals from companies, but also for academics interested in this field and consumers worldwide concerned about prices going up. |
| first_indexed | 2024-04-13T04:28:25Z |
| format | Article |
| id | doaj.art-301a2401a59544d398086eea137d6bd6 |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-04-13T04:28:25Z |
| publishDate | 2022-12-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-301a2401a59544d398086eea137d6bd62022-12-22T03:02:25ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562022-12-01XXV8431810.24818/REJ/2022/84/01Impact of Oil Price Evolution on Logistics IndustryRamona Iulia Dieaconescu0Mihaela Gabriela Belu1https://orcid.org/0000-0001-7631-6798Maria Gheorghe2The International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, e-mail: ramona.tartavulea@rei.ase.roThe International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, e-mail: belumihaela@gmail.comThe International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, e-mail: nitumaria2@gmail.comSince 2020, two major crisis impacted the global environment: the COVID-19 pandemic and the Russia-Ukraine war. Both had a major impact on international trade and on the evolution of oil prices which has a direct effect on the logistics industry. The scope of our paper is to investigate the effects of oil price evolution on logistics activities, especially transport. Costs of shipment represent an important component of final prices for consumer products and they can influence the general rate of inflation. This is a major concern among government officials in all countries, as high inflation rates can have negative effects on national economies. Our paper is focused on analyzing price trends on each mode of transport, but also prices for integrated logistics services. The results of our analysis offer insight on the logistic market trends and can be useful to professionals from companies, but also for academics interested in this field and consumers worldwide concerned about prices going up.http://www.rejournal.eu/article/impact-oil-price-evolution-logistics-industryoil pricelogisticstransportenergy sectoreuropean policies |
| spellingShingle | Ramona Iulia Dieaconescu Mihaela Gabriela Belu Maria Gheorghe Impact of Oil Price Evolution on Logistics Industry Romanian Economic Journal oil price logistics transport energy sector european policies |
| title | Impact of Oil Price Evolution on Logistics Industry |
| title_full | Impact of Oil Price Evolution on Logistics Industry |
| title_fullStr | Impact of Oil Price Evolution on Logistics Industry |
| title_full_unstemmed | Impact of Oil Price Evolution on Logistics Industry |
| title_short | Impact of Oil Price Evolution on Logistics Industry |
| title_sort | impact of oil price evolution on logistics industry |
| topic | oil price logistics transport energy sector european policies |
| url | http://www.rejournal.eu/article/impact-oil-price-evolution-logistics-industry |
| work_keys_str_mv | AT ramonaiuliadieaconescu impactofoilpriceevolutiononlogisticsindustry AT mihaelagabrielabelu impactofoilpriceevolutiononlogisticsindustry AT mariagheorghe impactofoilpriceevolutiononlogisticsindustry |