Transportation Management and Economic Performance of Selected Textile Firms in Lagos State

Abstract

The study aims to examine the effect of transportation management on economic performance in selected textile firms. The reason for this is the sustenance bottleneck such as low-profit margin which is due to poor transportation management and optimization in the textile firms. The study population consisted of fifteen(15) textile firms in Lagos State. Given this, the study utilized the purposive technique and total enumeration model to infer specific information from a selected population. The study was conducted in 2021 targeting transportation and logistics employees. The study questionnaires were distributed to the transportation and logistics managers working in these companies. Consequently, 550(five hundred and fifty) questionnaires were administered however, four hundred and ninety(490) were valid for analysis. The study utilized partial least square(PLS) statistical model to examine the information harvested. The findings show that transportation management has an appreciable effect on economic performance. Furthermore, a synergy exists between transportation management and economic performance at 0.58 which shows a strong connection. Therefore, textile firms with an optimal mix of transportation proficiency can lead to maximum economic performance such as profitability.