Difference Between Maritime, Shipping, Freight, Logistics And Supply Chain
Few Industries seems to be very similar by their name but when observed and worked for, these are very different with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge, and attitudes.
Currently, let’s understand the difference between Maritime, Shipping, Freight, Logistics and Supply Chain.
Maritime Industry
Maritime comes from the Latin word maritimus, which means "of the sea," so the meaning hasn't evolved much. It's very similar to nautical, except nautical refers to ships, and maritime covers ships and other ocean-related stuff. Anything related to the ocean, sea, ships, navigation of ships from point A to point B, seafarers, and ship owning and other related activities.
Shipping Business
The word shipping has more than one meaning. We use the term when we refer to all ships, i.e. when we are talking about sea vessels collectively. The act of carriage of cargo from point A to point B using the ships which fall under the Maritime industry is a Shipping Business.
Freight
Freight is the general term for goods transported from one place to another by using the shipping services offered by the shipping lines using the ships which fall under the Maritime industry.
Logistics Services
The flow and storage of goods inside and outside the firm are known as Logistics. The processes involved in getting the cargo from the manufacturer’s warehouse to the receiver’s warehouse including arranging for shipping services offered by the shipping lines using the ships which fall under the Maritime industry. The main aim of Logistics is full customer satisfaction
Supply Chain
Supply chain is the enactment of the procurement strategy. Supply chain is the entire flow that brings a product or service to sale. The whole process comprising of all aspects in a product cycle, for example from picking of the fruit at a farm in Point A to delivering the fruit to the shelf at a store in Point B using all of the above-mentioned industries, businesses, and services.
Trade
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. Trade is the reason all the above processes exist.
