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Moving products and services efficiently from one place to another requires logistics management. The same supply-chain management strategy is used in global logistics-only the number of variables is amplified. One of the best definitions of business logistics is “the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.” The word “logistics” dates back more than 100 years, though we tend to equate the term now to the modern processes and technologies that have expedited materials management and distribution. The advantages to developing effective global logistics are many: new revenue opportunities from new markets is the most obvious, but there may also be increased economies of scale, and lower cost sourcing for everything from components to labor. Centralizing global production is one of the best ways to lower per-unit costs and resource budgets. The challenge comes in establishing relationships with international supply-chain partners, and/or building a global sales organization. It’s not enough to put all the pieces in place; it must be done in a way that maintains quality control across longer transit distances and transit times, and that delivers products to the end user at a reasonable value. The longer the supply chain, the more vulnerable it might be to damage or delivery interruptions caused by weather, equipment failure or other obstructions. While global logistics can be modeled, analyzed, visualized, and optimized with sophisticated simulation software, this is a procedure that will always be more reliant on human resources than machines to get the job done.
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As the demands facing manufacturers, wholesalers, and distributors continue to evolve, so must the services transportation and logistics companies provide… Read More
Plenty of challenges can surface in the course of executing global logistics, no matter what industry you’re in. The ability… Read More
Global Marine Emission Control System Market is set to grow from its current market value of more than $5 billion… Read More
Diversity among seaports is a concept not only understood but exemplified with Port Tampa Bay. Known as Florida’s largest seaport… Read More
Driven by a vision for infrastructure upgrades, technology enhancements, and new machinery, supply chain solutions provider World Distribution Services announced… Read More
In a world where operations don’t have an option to slow down, capacity concerns are issues that will always be… Read More
Container shipping continues to be a major means of cargo transportation in 2019. While there does not exist an outright… Read More
IN-HOUSE VS. 3PL: CONSIDER BOTH OPTIONS BEFORE CHOOSING THE ORDER FULFILLMENT OPTION THAT IS RIGHT FOR YOU
Otherwise known as a third-party logistics provider, a 3PL is utilized by a range of businesses to support logistics and… Read More
The U.S. air cargo market has been increasing at a steady clip. The economy has officially rebounded and in 2017… Read More
Carriers are now enabled to easily estimate digital diesel fuel costs in real-time with the newly released Digital Diesel Pricing… Read More
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