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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.
Strike Concerns and Tariff Plans Drive Early Import Surge at U.S. Ports
The looming threat of a potential East Coast and Gulf Coast port strike in January 2025, combined with President-elect Trump’s… Read More
Supply Chain 2025 Predictions
2024 has served as a stark reminder of the vulnerabilities inherent in global supply chains. Natural disasters, compounded by geopolitical… Read More
Adapting to Uncertainty: CDMO Approaches to Pharmaceutical Supply Chain Challenges
Pharmaceutical supply chains are becoming increasingly vulnerable to a range of disruptions. From geopolitical upheavals to natural disasters, the unpredictability… Read More
Now is the Time to Check out the New Rail Projects Planned for a 2025 Launch
Countries throughout the world are currently spending billions on rail infrastructure. America faces ongoing struggles in staying competitive, a task… Read More
U.S. Spending Soars on TikTok Shop During Holiday Season
NEW YORK (Reuters) – U.S. TikTok users have turned to TikTok Shop in droves this holiday season, significantly boosting spending… Read More
Trump’s Proposed Tariffs Could Trigger Price Hikes and Supply Chain Disruptions
President-elect Donald Trump’s plan to impose tariffs on imports from China, Canada, and Mexico has sparked concerns among experts about… Read More
The Industry for Advanced Packaging Poised for Transformative Growth
The advanced packaging industry is undergoing unprecedented growth, driven by technological innovation and increasing demand across sectors like electronics, automotive,… Read More
November 2024 U.S. Container Imports Show Softer Seasonal Decline
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its December Global Shipping Report for logistics and… Read More
Saudi Red Sea Authority Launches Yacht Chartering Licenses to Boost Coastal Tourism
The Saudi Red Sea Authority (SRSA) has made a significant stride in developing the Kingdom’s coastal tourism sector by issuing… Read More
Logistics 2.0 : Transportation Management Software Industry to Skyrocket to USD 77.0 Billion by 2033!
Introduction The transportation management software (TMS) market has been expanding as businesses increasingly seek efficient ways to manage and streamline… Read More
Automation Deadlock Fuels Inevitable January Strikes at US East and Gulf Coast Ports
Hopes for a resolution to the standoff between dockworkers and port employers on the US East and Gulf coasts are… Read More
US Air Traffic Controller Shortage Stalls Aviation and Air Cargo Growth
A persistent shortage of air traffic controllers (ATC) in the U.S. is hindering the growth of commercial aviation, with ripple… Read More
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