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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.
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
ZEABORN Group Takes Over Rickmers-Linie Operations
ZEABORN Group, established in 2013, sets a further milestone in the company’s development with the takeover of the business operations… Read More
Port Authorities of Georgia and Virginia Propose Collaboration
The Georgia Ports Authority and the Virginia Port Authority filed on Friday, February 24, 2017, with the Federal Maritime Commission… Read More
Two Vessel Engineers Convicted of Environmental and Obstruction Crimes
A federal jury in Charleston, South Carolina convicted two chief engineers of the vessel T/V Green Sky of falsifying documents… Read More
Trump Promises “Spending on Infrastructure Big”
President Donald Trump spoke about infrastructure investment at a meeting of the National Association of Governors on Monday, promising more… Read More
Wilbur Ross Confirmed as US Commerce Secretary
The United States Senate confirmed the billionaire investor Wilbur Ross as Secretary of Commerce last night. He is to be… Read More
Building the Ship of the Future
Ships of the future will have to be lighter, smarter, cleaner, safer, more reliable, and more efficient. Sounds like a… Read More
RUSCON Acquires Top Logistics Company
RUSCON, a leading container transport company in Russia, has expanded its range of operations through the acquisition of SLG-Operating (Smart… Read More
Startup Wants to Revolutionize Material Handling
The young Swiss startup Avancon SA has set itself the goal to revolutionize the unit handling systems in distribution and… Read More
Panalpina Rolling Out Single Warehouse Management System
Panalpina has reached a new milestone in the roll-out of its single warehouse management system (WMS) JDA across all of… Read More
Plastic is Suffocating Oceans
An unusual and sad sight greeted the people of Sotra in Norway this month, as a rare goose-beaked whale repeatedly… Read More
APM Terminals to Invest $200 Million in NJ Port
APM Terminals has significantly increased its previously announced $70 million investment plans for the APM Terminals Port Elizabeth facility in… Read More
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