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A supply chain is made up of all the businesses and persons involved in the manufacture of goods, from raw materials to finished items. Logistics include shipment, storage, delivery services, transportation, and commercial shipping. The thorough planning and execution of a complex automobile transportation operation is referred to as automotive logistics.
It includes all forms of transportation, including rail, truck, and maritime. Automotive logistics refers to the transportation of auto components, replacement parts, and entire vehicles from supplier to customer, including transport, warehousing, unloading, loading, distribution, and data processing as the key functions.
It is characterised by complexity, competency, major infrastructure and labour investment, and its goal is to give the highest service quality at the lowest operational cost.
The largest, most advanced, and most qualified sector in logistics is unquestionably the automotive sector. Logistics may take many different forms, including production logistics, manufacturing and distribution logistics, logistics for automobile sales, logistics for supplies, and logistics for recycling.
The South Korea Automotive logistics market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Mobis to build a new central logistics facility in South Korea.Hyundai Mobis Company has announced intentions to invest KRW 95 in the construction of a new integrated logistics complex in Gyeongju, South Korea’s North Gyeongsang province.
According to the Hyundai Motor Group subsidiary, the new hub will be powered by solar energy and will be intended to effectively manage major parts such as electric vehicle (EV) battery systems and guarantee consistent after-sales services across the country.
Last week, the firm, South Korea’s largest automobile parts producer, inked an agreement with Gyeongju Mayor Joo Nak-young and North Gyeongsang Province Governor Lee Cheol-woo, permitting building of the new storage and distribution complex to begin.
The new facility is set to open in the end, taking over the duties presently performed by three smaller logistics centres situated in the same area. As predicted EV sales in the nation rise, it will increase operations to handle eco-friendly car parts, and the business said robots will handle large and bulky parts.
