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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.
Shippers Frustrated as Spot rates Rise With Demand
As demand surges on the Asia-European trades, carriers and forwarders find themselves grappling with escalating spot rates, leading to frustrations… Read More
Predictions, Prophets, and Restarting Your Manufacturing Business Amid COVID-19
COVID-19 has created a drastic effect on global health and the economy. Every nation is struggling to deal with the… Read More
How to Get a Handle on Risk in Uncertain Times: 10 Important Considerations
Risk: It’s the operative word on everyone’s mind right now. Whether it’s COVID-19 or oil prices, supply chain impacts or… Read More
THAT BUZZING IS THE SOUND OF FREEDOM: THANK THE DEFENSE INDUSTRY FOR THE RISE OF DRONES IN LOGISTICS AND TRANSPORTATION
The demand within the global drone logistics and transportation industry is rising at a stellar pace in recent times. The… Read More
Impulsive Shopping and Post-Pandemic Consumer Behavior
Picture this. You are in the supermarket in your neighborhood queuing to pay and see some delicious and totally irresistible… Read More
How to Manage and Overcome Disruptions in the Supply Chain
Regardless of the type of disruption, supply chain resilience is highly dependant on several factors, one of which being reliable… Read More
Vessels for Life: Here are the Ships that Make Our Lives more Livable
It’s amazing how interconnected we are as a world—from delivering goods along the supply chain to your local grocery store… Read More
United Airlines Moves Cargo Around the World in Cargo and Passenger Planes
If you’ve been wondering who is filling commercial jetliners these days, we have the answer: some brave travelers and a… Read More
In the New Normal Supply Chain, Firms Must Pivot Quickly
What will our supply chains look like after the impact of the pandemic has turned from an all-hands-on-deck crisis to… Read More
E-Commerce Logistics and Supply Chains: Journey to the Future
The transition of commerce to an electronic format is a well-established and economically sound process which is in its prime…. Read More
Moving Past COVID-19: Risk Mitigation Strategies to Drive Supply Chain Resilience
As the world begins to ease movement restrictions imposed during the COVID-19 pandemic, companies are wondering where they go from… Read More
The Boohoo’s Trade Ascendency – What Can we Learn?
The Coronavirus crisis has taken it’s fair share of victims in the world of retail, tolling the death knell for… Read More
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