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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.
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
What CEOs Need To Know About LTL Accessorial Fees
When you have a growing company, you’re always looking for ways to save money on supply chain operations. Freight management… Read More
Transporting Fruits and Vegetables Economically and Sustainably
The distribution of fruit and vegetables require cost-efficient, robust and reliable load carriers. At Fruit Attraction (October 18 – 20… Read More
PANAMA CANAL EXPANDS, EAST COAST PORTS GROW
One year after the opening of the Panama Canal expansion, East Coast ports are receiving some of the largest ships… Read More
Emergency Logistics Specialist Announces Further North American Expansion
Emergency logistics specialist Evolution Time Critical has further expanded its North American office. Since its Atlanta, Georgia, control center was… Read More
The Modern Supply Chain: Education & Training
The modern supply chain is a complex weave of new technology and legacy systems all working toward the same goal,… Read More
SAILING THE OCEAN GREEN
The shipping industry hasn’t always had the best environmental reputation. Yet stewardship, public perception and new regulations have driven many… Read More
Buy American, Hire American
Cowboy hats, fire trucks and baseball bats – these were the products put on display at the White House during… Read More
Dürr Expands Digital Strategy to Project Logistics
Dürr Systems has taken another step forward in its ambition to become a global leader in the realm of digitization…. Read More
NEW SKIN IN THE GAME
Earlier this summer, the announcement came that Utah-based Nu Skin, a manufacturer of beauty and wellness solutions, had selected XPO… Read More
The Urgency to Transform Global Logistics
Nearly every industry on the planet is undergoing transformation. Disruptive pressures and heightened customer expectations – mostly driven by technology… Read More
US Goals for NAFTA Renegotiation Meet With Resistance
“I know we all agree that NAFTA needs updating. This is a 23 year-old agreement and our economies are very… Read More
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