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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
US DOJ is Investigating New Ocean Shipping Alliances
On the eve of the inauguration of two new mega-alliances, a report reveals that the alliances and their carrier members… Read More
The Warehouse of the Future: An Interactive Infographic
As soon as 2019, new technologies could be revolutionizing and improving efficiency in warehouses. Technologies including artificial intelligence, 3D printing,… Read More
Expanded Panama Canal Welcomes 1000th Neopanamax Vessel
Less than nine months after the historic inauguration of the expanded canal, the Panama Canal announced that it has welcomed… Read More
WATCH: Introduction to International Logistics & Trade Compliance
An overview from the Georgia Tech Supply Chain & Logistics Institute relating to the complexities of global trade, its impact… Read More
Pharma Logistics Can Learn From Other Sectors
Speaking at a recent cold-chain logistics summit, Alan Kennedy from TEAM-UP stressed the need for the pharma sector to embrace… Read More
Trump Has Yet to Appoint New TSA Administrator
The Trump administration has been neglectful in nominating professionals to sub-cabinet positions, with many cabinet secretaries, including those at State… Read More
WATCH: What’s Going on in the South China Sea?
China’s activities in the South China Sea, which includes building up artificial islands and developing military facilities on them, has… Read More
Deal for Smart Reefer Containers on Silk Road
Kazakhstan Temir Zholy Express ( KTZE), a provider of transportation and logistics for China’s New Silk Road, and global supply… Read More
WCO Adopts Trade Facilitation Agreement
Recently, the World Customs Organization (WCO) and its members agreed to implement the Trade Facilitation Agreement. Will this simplify crossborder… Read More
WATCH: What is Logistics Management?
What is logistics? What is logistics management? What is logistics in supply chain management? Logistics in supply chain management is… Read More
Over-using Non-competes Harms Logistics Employees And Employers
Companies in competitive industries like logistics and transportation must strike a balance between protecting sensitive information and promoting integrity, a… Read More
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