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
Amazon Building Air Cargo Hub in Northern Kentucky
Amazon has announced plans to build a centralized air hub at the Cincinnati/Northern Kentucky Airport (CVG) in Hebron, Kentucky, to… Read More
First Mega Ship Calls at Israeli Port
The largest ship ever to dock in an Israeli port arrived at the port of Haifa on Thursday. The 13,092-TEU… Read More
It’s Official: Hanjin is Finished
It’s been kind of obvious since Hanjin assets have already been in the process of being sold off in recent… Read More
Groups Encouraged By Senate Dems’ Infrastructure Plan
The American Association of Port Authorities (AAPA) said it is encouraged by the release this week of a $1-trillion infrastructure… Read More
Higher Container Rates and Tight Capacity Leading into Chinese New Year
Chinese New Year, which started this year on January 28, is a time in which most of Asia’s manufacturing facilities… Read More
Ireland’s First Approved Parcel Delivery by Drone
The Irish Aviation Authority (IAA) welcomed the first IAA-approved parcel delivery by drone, which successfully took place on Saturday, January… Read More
Crossborder Ecommerce One of Fastest Retail Growth Opportunities
DHL Express has published research highlighting the significant growth opportunities for retailers and manufacturers with an international online product offering…. Read More
Trump’s Executive Actions on Pipeline Construction
President Donald Trump resurrected the Keystone XL and Dakota Access oil pipelines last week signing executive orders reviving the projects…. Read More
Ocean Alliance Carriers in Agreement on Port Cooperation
COSCO SHIPPING Ports has signed a memorandum of understanding with CMA Terminals Holding in Shanghai, agreeing to seek cooperation in… Read More
DoD Releases Arctic Strategy
The Unites States Department of Defense yesterday released an unclassified version of its report to Congress on strategy to protect… Read More
The Arctic: A Growing Security and Trade Dilemma
A military strategy for the United States in the Arctic, completed by the Obama administration, is on hold until the… Read More
« Previous 1 … 333 334 335 336 337 … 533 Next »