Logistics

{
  "id": "MLC-T-INS-002051",
  "term": "Logistics",
  "field": "Insurance and risk management",
  "definition": "The detailed planning, implementation, and control of the efficient forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption. In risk management, it involves assessing and mitigating risks associated with supply chains, transportation, warehousing, and distribution. Insurance products like cargo and supply chain interruption coverage address these exposures.",
  "url": "https://mlchart.com/terminology/insurance/logistics/"
}