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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
Huawei and Deutsche Post DHL Take on Connected Logistics Market
Huawei Technologies, a global information and communications technology provider, and Deutsche Post DHL Group have signed a memorandum of understanding… Read More
Best Practices for Supply Chain Transparency
A new study from the University of Tennessee, Knoxville’s Global Supply Chain Institute outlines the best practices for leveraging transparency… Read More
American Airlines Cargo Grows Service Between LAX And New Zealand
Since American Airlines Cargo launched a new service between Los Angeles (LAX) and the New Zealand city of Auckland (AKL)… Read More
POLA and POLB Both Post Gains in January
The Port of Long Beach, which has suffered poor traffic numbers in recent months saw renewed activity at its largest… Read More
Incorrect Container Packing Leads to 65 Percent of Damaged Cargo
An analysis of TT Club’s insurance claims records suggests that 65 percent of damages to cargo result from poorly packed,… Read More
Lineage Logistics Expands, Acquires Facilities to Grow National Network
Lineage Logistics, LLC, a temperature controlled warehousing and logistics company, will be expanding two existing facilities in the Dallas-Fort Worth… Read More
Populism, Trade Backlash Cloud Emerging Markets Picture
Nearly 69 percent of logistics professionals say they worry about a retreat from free trade in 2017 following the UK’s… Read More
Port of Virginia Processes Record Container Volumes
The Port of Virginia moved 228,516 twenty-foot equivalent units (TEUs) in January, setting a new volume mark for the month,… Read More
Inbound Freight
Inbound freight is typically the last frontier for many companies search for cost savings in their freight spend, as there… Read More
Hyundai Merchant Marine to Receive $515 Million From Government
A new shipping company created by South Korean state lenders for the expansion of terminals and fleets will be forking… Read More
Billion Dollar Expansion for London’s Tilbury Terminal
The Tilbury container terminal, the principal facility at the port of London, England, will be transformed with a $1.25 billion… Read More
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