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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 Takes Legal Action Against Ship Owner and Operator Following Bridge Collision
Baltimore has initiated legal proceedings against the owner and operator of the cargo ship responsible for colliding with the Francis… Read More
Descartes Releases April Global Shipping Report: March U.S. Import Container Volume Continues Strong Trajectory
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its April Global Shipping Report for logistics and… Read More
Supply Chain Professionals Are at Risk of Spear Phishing: Here’s How to Address It
Supply chain professionals hold plenty of sensitive information about businesses and their beneficiaries. Guarding this data has become more challenging… Read More
Adapting to Emerging Global Trade Routes
In the wake of recent geopolitical crises, global trade routes have undergone significant transformations, necessitating a reevaluation of how goods… Read More
“Maryland Governor: Baltimore Port to Resume Full Function by May’s End”
Maryland Governor Wes Moore has announced an ambitious plan to restore full functionality to Baltimore’s key shipping lane by the… Read More
Insights into Trade Market Trends: An Investor’s Guide
In the world of investing, a variety of factors persistently influence trends and impact investment choices. For investors navigating this… Read More
UPS to Replace FedEx as U.S. Postal Service’s Primary Air Cargo Provider
In a significant development within the logistics industry, United Parcel Service (UPS) has announced its pivotal role as the primary… Read More
How Can Small Businesses Streamline Global Shipping Processes?
The international shipping process has faced a number of disruptions over the past few years, with political issues affecting the… Read More
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
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