Looking for the latest news on global logistics and supply chain management? Get inside information on global shipping, warehousing, and foreign trade.
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.
Gather AI Secures $17 Million Investment to Revolutionize Warehouse Management with AI-Driven Solutions
Gather AI, a leading provider of advanced computer vision and AI-powered inventory monitoring solutions for warehouses, has announced a successful… Read More
Going Global: Navigating the Pitfalls and Opportunities of Crossborder Selling
In the first of this three-part series, I introduced the challenges of crossborder selling. In Part 2, I’ll dive into… Read More
Freight Forwarding and Digital Customer Service Five Years From Now
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Army Corps Authorizes Final Funding for Delaware River Deepening
The US Army Corps of Engineers released its Fiscal Year 2017 Work Plan which allocated $29.25 million towards the Delaware… Read More
The Best is Yet to Come for Container Ocean Carriers
The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing… Read More
Port of Virginia: May Volume Sets All-Time Mark
The Port of Virginia moved 246,871 twenty-foot equivalent units (TEUs) in May, representing growth of 12.5 percent when compared with… Read More
WATCH: Global Trade Solutions—Receivables Purchasing and Supplier Financing
Watch this video from Bank of the West to learn about financial tools available to businesses that can make their… Read More
Trump Budget Includes Funds for Two US Port Projects
Two seaports in the United States will be the sole beneficiaries of allocations in the budget introduced by the Trump… Read More
Renault-Nissan Alliance Selects Amber Road to Maximize Preferential Trade Benefits
Amber Road, a provider of global trade management (GTM) solutions, has announced that the Renault-Nissan Alliance is partnering with Amber… Read More
WATCH: President Trump Talks Infrastructure
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Carbon Footprint Monitoring in the Logistics Chain
Arviem AG announced the launch of its new service, real-time carbon footprint monitoring in the logistics chain to support sustainability… Read More
Port of Baltimore Planning for Bigger Ships and More Containers
Supersized container ships traveling through the newly expanded Panama Canal have been arriving at the Helen Delich Bentley Port of… Read More
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