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Assignment Instructions Answer the following two questions. Question 1. Why is the transportation industry cyclical in nature? Question 2. In terms of capacity, what steps can transportation companies...

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Assignment Instructions

Answer the following two questions.

Question 1. Why is the transportation industry cyclical in nature?
Question 2. In terms of capacity, what steps can transportation companies take to avoid or at least mitigate the negative effects of economic downturns like this most recent one?

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Answered Same Day Mar 29, 2020 TLMT352

Solution

Komal answered on Mar 30 2020
137 Votes
Running Head: Cyclical transportation                        1
Cyclical transportation        3
A Cyclical Transportation Industry
Why is our transportation industry cyclical in nature? In terms of capacity, what steps can be taken to avoid or mitigate the negative effects of economic downturns in transportation companies?
The transportation industry is cyclical in nature as it is based on the business cycle in the economy and would have to be managed as per the growth and recession in the economy. When the economy is booming the movement and transportation of products and services is based on the performance of the economy (Ritchie et al, 2010). Hence the industry cycle of the business would also happen at that pace. On the other hand, economic downturn leads to organizations reducing their flow of goods and services both from demand and supply side thus leading to slowing down of the transportation sector. it includes reducing the business of movement of...
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