Text 2. Transportation and Logistics

The Transportation and Logistics industry sector comprises a wide range of service providers, covering all models of transport – air, rail, sea – as well as related services such as warehousing, handling, stevedoring and, finally, added services like packaging, labeling, assembling etc. In addition to these ‘physical’ services, Transportation and Logistics includes all sorts of planning, organizational and management services in the area of transportation and logistics. Over the past years we have seen a trend to consolidation, resulting in larger, integrated groups, operating in more than one of the Transportation and Logistics sub-sectors. As a result, the limits between the Transportation and Logistics sub-sectors become more and more indistinct.

Globalization and outsourcing of logistics services created double digit revenue growth in the industry in the early part of the 21^st century. However, the economic downturn in 2008 resulted in a dramatic drop in the sector’s growth in 2009. The industry was suddenly faced with some of the most difficult market conditions in history. Liberalization and privatization are one starting point that is driving change in this complex, rapidly changing sector. In addition, trade routes are shifting and networks have become increasingly complex due to operating agreements between companies, sharing resources. Regulatory requirements have changed substantially in recent years. In an interconnected world, where companies are operating across national boundaries and together with many local partners, accounting and governance issues are becoming more complex. Companies are interested in a durable business to continuously offer added value. As business models change in the industry, many companies are evolving from forwarding and managing companies to highly industrialized, IT driven supply chain providers.

Exercise 16. Answer the questions on text 2.

1. What service providers does the Transportation and Logistics industry sector comprise? 2. What sorts of activities does the Transportation and Logistics area include in addition to “physical” services? 3. Why do the limits between the Transportation and Logistics sub-sectors become more indistinct? 4. What caused double – digit revenue growth in the industry in the early part of the 21^st century?

5. What processes are driving changes in the Transportation and Logistics sector? 6. Why are accounting and governance issues becoming more complex now? 7. How are many companies evolving in the industry in the conditions of business models change?

Exercise 17. Translate the following universal words without a dictionary.

Industry, sector, service, model, transport, logistics, sort, planning, organizational, management, consolidation, group, limit, liberalization, privatization, complex, company, partner, business, globalization, dramatic, economic, regulatory, start, local, market, history, resource, interest.

Exercise 18. Identify by suffixes: a) nouns, b) adjectives,

c) adverbs, d) verbal forms among the following words. Translate them.

Provider, covering, warehousing, stevedoring, related, packaging, assembling, physical, transportation, planning, organizational, management, consolidation, resulting, integrated, operating, outsourcing, created, economic, dramatic, starting, driven, rapidly, changing, shifting, increasingly, agreement, sharing, requirement, changed, substantially, interconnected, partner, accounting, governance, becoming, continuously, added, industry, evolving, forwarding, managing, highly, industrialized, durable, finally, integrated.

Exercise 19. Give corresponding adverbs. Translate the pairs.

Final, sudden, rapid, increasing, substantial, continuous, high, fundamental, indistinct, hard, recent, dramatic, economic, wide, physical, additional.

Exercise 20. Write the comparative and superlative forms of the following adjectives and adverbs.

Well, large, many, indistinct, difficult, complex, effective, durable, high, wide, hard, dramatic, substantial, early, interesting, durable.

Exercise 21. Choose appropriate adjectives or adverbs.

1. The Transportation and Logistics industry sector comprises a wide range of service providers as (good/well) as related services and, (final/finally), added services. 2. The limits between the Transportation and Logistics sub-sectors become more (indistinct/indistinctly) 3. The industry was (sudden/suddenly) faced with some of the most difficult market conditions in history. 4. Liberalization and privatization are one starting point that is driving change in this complex, (rapid/rapidly) changing sector. 5. In addition, trade routes are shifting and networks have become (increasing/increasingly) complex. 6. Regulatory require-ments have changed (substantial/substantially) in recent years 7.Compa-nies are interested in a durable business to (continuous/continuously) offer added value.

Exercise 22. Translate the following words and word combinations into Ukrainian. Use them in sentences of your own.

a) Industry sector; service provider; related service; trend to consolidation; integrated groups; sub-sector; globalization; outsourcing; double digit revenue growth; economic downturn; dramatic drop; difficult market condition; starting point; trade route; operating agreement; sharing resources; regulatory requirement; interconnected world; national boundaries; local partner; accounting and governance issue; durable business; added value; forwarding and managing companies; highly industrialized company; supply chain provider; revenue growth.

b) To comprise service providers; related services and added services; to result in integrated groups; to become more indistinct; to create revenue growth; to result in dramatic drop; to be faced with difficult market conditions; to drive change; to operate across national boundaries; to build a durable business; to offer added value; to evolve from forwarding and managing companies to highly industrialized providers.

Exercise 23. Put the verbs in brackets into the correct voice and tense forms.

1. The Transportation and Logistics industry sector (to comprise) a wide range of service providers, as well as related services and, finally, added services. 2. Over the past years we (to see) a trend to consolidation. 3. As a result, the limits between the Transportation and Logistics sub-sectors (to become) more and more indistinct. 4. Globali-

zation and outsourcing of logistics services (to create) double digit revenue growth in the industry in the early part of the 21^st century. 5.The economic downturn in 2008 (to result) in a dramatic drop in the sector’s growth in 2009. 6. The industry (to face) some of the most difficult market conditions in history. 7. Liberalization and privatization are one starting point that (to drive) change in this complex sector. 8. In addition, trade routes (to shift) and networks (to become) increasingly complex. 9. Regulatory requirements (to change) substantially in recent years. 10. In an interconnected world companies (to operate) across national boundaries. 11. Accounting and governance issues ( to become) more complex. 12. Companies that (to interest) in a durable business continuously (to offer) added value.

Exercise 24. Rewrite after the model. Mind the forms of irregular verbs.

Model: Pack and mark the goods properly. (The logistician insisted). –The logistician insisted that the goods should be packed and marked properly.

1. Don’t increase the price for gas. (The domestic consumer suggested). 2. Repair the branch lines of a gas transmission system. (The partners recommended). 3. Follow the contract requirements. (The intermediaries agreed). 4. Rise prices for end-user. (The World Bank recommended). 5. Reduce greenhouse gas emissions. (The environmen-tal programs required). 6. Cover the risk of fire, burglary, etc. while the goods are in warehouse. (All sensible businessmen arranged).7. Notify the Buyer of force majeure, such as natural disasters, a shortage of the energy supply and some other circumstances beyond the Seller’s cont-rol. (The Contract demanded).8. Switch to the program of alternatives development. (The international community proposed).9. Provide reliable natural gas supplies. (The International energy Agency ordered).10. Don’t burn the substances resulting in harmful emissions into the atmosphere. (The environmentalists insisted).

Exercise 25. Make up sentences to express reported commands and requests. Translate the sentences.

The				to reduce supplies
			partners	not to increase the price.
	producer	asked	competitors	to coordinate supplies
	trader		investors	to buy goods inbulk
	consumer	told	logisticians	not to delay pay-ment
	Chief Manager	ordered	speculators	to invest into alter- natives
	Energy Agency		retailers	to determine terms of delivery
	ecologists		generators	to negotiate trans-port costs
				not to pollute envi-ronment

Exercise 26. Translate the following sentences into English.

1. Промисловий сектор транспорту і логістики охоплює широ-ке коло послуг у сфері перевезення, що включають усі види тран-спорту – автомобільний, залізничний, повітряний, морський. 2.Такі послуги, як складування, оброблення, завантаження здійснюються суміжними службами. 3. До того ж, у сфері перевезення і логістики здійснюються пакування, маркування, комплектація. 4. Галузь транспорту і логістики включає також усі види планування, організаційну та управлінську діяльність. 5. Глобалізація і вихід логістичних послуг на зовнішні ринки привели до зростання на порядок надходжень в економіку на початку ХХІ сторіччя. 6. У 2009 році промисловість несподівано стикнулася з найважчими в історії умовами ринку. 7. Лібералізація та приватизація – це первісні процеси, що призводять до швидких змін у складному секторі перевезень. 8. Згідно з діючими договорами між компані-ями-співвласниками ресурсів змінилися торговельні шляхи та над-звичайно ускладнилися транспортні мережі. 9. В умовах об’єд-нання світових енергосистем, питання обліку й управління значно ускладнюються. 10. Багато компаній проходять шлях розвитку від рівня експедиторських і керуючих компаній до рівня високо інду-стріалізованих провайдерів у сфері постачання, що використову-ють новітні технології.

Exercise 27. Read, practice and learn the words to text

Strive – прагнути

tremendous – величезний

shipping – перевезення

on a short notice – одразу

saving(s) – 1)економія; 2) заощадження

undergo – зазнавати; відчувати

poised – готовий (до дії)

push – 1) зусилля; 2) прагнення

predict – прогнозувати

offset – компенсувати

capture – захоплювати

benefit – 1) користь; вигода; прибуток; 2) мати користь, вигоду з

чогось

Exercise 28. Read, translate and give the gist of text 3.