Logistics is the process of managing the movement and storage of raw materials, parts, and finished products from suppliers to customers. It involves activities like transportation, warehousing, and inventory management. Transportation is a key part of logistics and includes various modes like rail, road, air, and water. Warehousing is used for temporary storage of goods and provides functions like preservation, price stabilization, and regular supply of goods. Insurance helps transfer risks from individuals and businesses to insurers. It provides benefits to businesses, the public, the country, and the government.