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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.
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
Sky’s the Limit
Things are looking up at the Port of New York and New Jersey. Volume? Up. In fact, the port experienced… Read More
Report: Navy Collisions With Cargo Ships ‘Avoidable’
The United States Navy released a report yesterday detailing the events and actions that led to the collision of USS… Read More
SC Ports Board Approves $69.5 Million Crane Purchase
The South Carolina Ports Authority Board of Directors has approved a $69.5 million contract for the purchase of six new… Read More
Shipping Bonds Issues Momentum Continues
A growing number of shipping companies have taken advantage of the low interest rate environment and tapped the debt capital… Read More
Pallets With RFID Technology
RFID technology offers many benefits to logistics including clear identification of pallets and their cargo, expedited receipt of goods, and… Read More
Trump: Friend or Foe of US Infrastructure?
As a candidate, Donald Trump deserved credit for identifying a policy that damages jobs, competitiveness, and economic growth: underinvestment in… Read More
Dock Scheduling vs. Appointment Management
So you have reached the conclusion that you need some help to optimize your appointment process? You are now searching… Read More
US Hits Biodiesel With Preliminary Antidumping Duties
US Secretary of Commerce Wilbur Ross announced the affirmative preliminary determinations in the antidumping duty (AD) investigations of biodiesel from… Read More
Initiative to Accelerate Environmental Impacts in Apparel Supply Chains
In an effort to galvanize around collective action in the apparel and footwear industry, a group of industry leaders launched… Read More
IBM Offshores to India and Business Still Shrinks
Technology giant IBM reported its third quarter results on October 17, and extended a stunningly long losing streak with its… Read More
Container Record Broken at Port of Los Angeles
Maersk Line has claimed it set a record when the Maersk Evora loaded and unloaded 24,846 TEUs. The carriers says… Read More
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