Final answer:
The second economic benefit missing from the list is likely stockpiling or stockturn. Locations with efficient transport options are crucial for cost reduction, and whether an industry is bulk reducing or bulk gaining affects location choice. Social benefits can also arise from economic activities, such as reducing waste and saving money for the community.
Step-by-step explanation:
The second economic benefit in the list provided is likely referring to stockpiling or stockturn. Consolidation and break bulk, stockpiling or stockturn, seasonal storage, and reverse logistics represent various benefits that logistics and supply chain management can provide to a company. When considering the cost-effective movement of goods, transport options are crucial. Locations near uncrowded freeways or with access to rail or water transport can significantly reduce shipping costs. Another related concept is whether an industry is bulk reducing or bulk gaining. Bulk reducing industries, for instance, prefer locations close to the supply of raw materials, whereas bulk gaining industries might be closer to consumers, as the finished products are heavier or more expensive to transport than the raw materials. In addition to private economic benefits, there can also be significant social benefits, such as reduced waste and associated savings for households and municipalities, as in the case of the Junkbuyers Company.