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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.
Baltimore Port Progress: Clearing Path for Vessel Traffic After Bridge Collapse
Significant strides have been made in clearing a major obstruction in the Port of Baltimore, as announced by the U.S…. Read More
Russian Cargo Ship Detained in Germany Cleared to Depart Rostock Port
After being detained in Germany over suspected sanctions violations, a Russian cargo ship, the Atlantic Navigator II, has been granted… Read More
Adapting to Climate Change Challenges in the Cold Chain
Climate change is a multifaceted challenge, forcing businesses to adapt to a new reality governed by rising global temperatures and… Read More
Red Sea Diversions Drive Surge in EU Maritime Carbon Emissions
Recent data indicates a significant uptick in carbon emissions from the European Union’s (EU) marine shipping sector, posing challenges to… Read More
European Chamber President Warns of Escalating Trade Tensions Between China and EU
Tensions between China and Europe are escalating towards a potential trade war, cautioned the head of a European business lobby… Read More
China Denounces U.S. Probe into Shipbuilding Industry as Unfair Accusation
Chinese authorities have strongly criticized the United States’ recent investigation into China’s shipbuilding industry, labeling it as a misguided move…. Read More
Iran Tensions’ Global Trade Impact Revealed by Seized Ship Cargo
The ship MSC Aries recently made headlines after being seized by Iran’s Islamic Revolutionary Guard Corps near the Strait of… Read More
Innovating Warehouse Efficiency: Gather AI Introduces Drone-Powered Inventory Solutions
Gather AI, renowned for its computer vision-based AI solutions for warehouse inventory monitoring, unveils two groundbreaking capabilities: inferred case counting… Read More
Resurgence in Manufacturing Boosts Transport and Logistics Sector
The transport and logistics sector has experienced a notable uptick in transaction volumes, reaching its highest levels in nine months,… Read More
The Impact of Middle East Unrest on Global Logistics
The recent escalation of tensions in the Middle East has sent shockwaves through the global logistics sector, raising concerns about… Read More
Top Markets and Trending Segments for Truck-Mounted Cranes
Truck-mounted cranes are cranes mounted on top of trucks. These cranes are attached to the rear side of the trucks… Read More
Navigating the Global Supply Chain: Opportunities and Challenges for Middle Market Companies
Amidst the interconnected web of global commerce, middle market companies are strategically leveraging international supply chains to enhance competitiveness, despite… Read More
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