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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.
Mounting Oil Price Threat Amplifies Supply Chain Concerns Amidst Middle East Tensions
As warnings from the World Bank echo concerns of soaring oil prices amidst ongoing instability in the Middle East, supply… Read More
Supply Chain: Challenges and Key Solutions
No business can exist without a supply chain! Supply chains are the nerves of the business ecosystem. Supply chains are… Read More
Climate Change: Challenges and Opportunities for Global Shipping
The global shipping industry, responsible for transporting approximately 80-90% of goods worldwide, faces a complex landscape of risks intensified by… Read More
US Consumer Spending Trends Reshaping Container Shipping Dynamics
Recent estimates from Sea-Intelligence reveal a notable trend in US consumer spending dynamics, indicating a continued increase in expenditure despite… Read More
Rising Carbon Emissions in Shipping: The Impact of Geopolitical Tensions
In a concerning trend, carbon emissions from shipping have surged, fueled by geopolitical tensions affecting maritime routes. Recent data from… Read More
Moving Your Business Forward: Tailored Solutions from Commercial Moving Experts
When relocating your business, the process can seem daunting and complex, with many critical factors to consider. From minimizing downtime… Read More
Baltimore Port Progress: Clearing Path for Vessel Traffic After Bridge Collapse
Significant strides have been made in clearing a major obstruction in the Port of Baltimore, as announced by the U.S…. Read More
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
Safety First: Best Practices for Heavy Hauling Operations
Introduction to Heavy Hauling Safety Heavy hauling, the transportation of oversized and overweight cargo, is a vital industry that keeps… Read More
Supply Chain: Insider Tips for Protecting Assets and Preventing Theft in Distribution Centers
Distribution centers are vital hubs in supply chains, handling vast goods and merchandise. However, with this important role comes the… Read More
Geopolitical Volatility Keeps Year to Date (YTD) Container Leasing Rates Elevated
A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the… Read More
Surge in U.S. Inbound Containers Signals Economic Growth in 2024
In the opening months of 2024, the United States has witnessed a significant surge in inbound container volumes, signaling robust… Read More
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