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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.
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Gather AI, renowned for its computer vision-based AI solutions for warehouse inventory monitoring, unveils two groundbreaking capabilities: inferred case counting… Read More
How Can Small Businesses Streamline Global Shipping Processes?
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Beware of Overhyping the Impact of Baltimore’s Bridge Collapse on Supply Chains
The collapse of the Baltimore bridge is a tragedy. But the impact on supply chains at a global or even… Read More
Regulatory Confusion Surrounding Tugboats and the Francis Scott Key Bridge Collapse
It has been just over one week since the disastrous Francis Scott Key Bridge collapse. Investigators are making progress along… Read More
Baltimore Bridge Collision Sparks Surge in Container Price
Container Traders Anticipate Rise In Disruptions and increase in container prices in the Wake of Baltimore Bridge Collision US ports… Read More
Synergy North America Teams Up with Supply Chain BEST to Enhance WMS Implementation Capabilities
Synergy North America Inc. has forged a strategic partnership with Supply Chain BEST, a leading industry solutions adviser, aimed at… Read More
Future Proofing Tracking Links for Drone and Robotic Deliveries
In today’s dynamic world, the logistics and parcel delivery landscape is undergoing a transformative shift driven by technological innovations. Drone… Read More
Softeon Establishes Atlanta Office to Strengthen Customer Support Amid Expansion
Softeon, a leading provider of warehouse management solutions, inaugurates its Atlanta office on February 5th as part of its strategic… Read More
Emergency Shipping Route Opens Following Baltimore Bridge Collapse
In the aftermath of the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, authorities have swiftly established a… Read More
Impact of Red Sea Attacks: African Nations Brace for Inflation Surge
African countries are poised to experience heightened inflation levels and sustained interest rate tightening throughout 2024 due to disruptions in… Read More
Navigating Economic Dynamics: East Asia and Pacific Region’s Growth Prospects
The World Bank’s recent semi-annual economic outlook sheds light on the trajectory of the East Asia and Pacific region, revealing… Read More
Drones, Droids, and Delivery Bots: The Future of Last-Mile Logistics
The world of logistics is on the brink of a major transformation, with the last mile of delivery posing both… Read More
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