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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.
Navigating the Global Supply Chain: Opportunities and Challenges for Middle Market Companies
Amidst the interconnected web of global commerce, middle market companies are strategically leveraging international supply chains to enhance competitiveness, despite… Read More
New Descartes MacroPoint™ Capabilities Help Combat Fraud in Transportation and Logistics
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the availability of Descartes MacroPoint™… Read More
EU’s Corporate Sustainability Directive: Promoting Ethical Supply Chains
The European Union’s efforts to instill ethical and sustainable practices within supply chains have reached a significant milestone with the… Read More
Strengthening and Streamlining Terminal Operations: A Smarter Path with Tideworks Technology and Advent eModal
For most people, the shipping industry only pops on their radar after disaster hits. In 2020, the COVID-19 pandemic snarled… Read More
How CPG Brands can Deliver on Supplier Diversity Promises
There are many good reasons for global consumer packaged goods (CPG) brands to have supplier diversity programmes. For one, they… Read More
Global Cargo Theft Trends
In the recently released Annual Cargo Theft Report 2023 by TT Club and BSI SCREEN Intelligence, high inflation emerges as… Read More
Surging Demand: Air Freight Growth Defies Seasonal Trends
Recent data from the International Air Transport Association (IATA) reveals a notable surge in air freight demand, with the Red… Read More
Challenges and Strategies for Economic Recovery in Emerging Europe and Central Asia
The World Bank’s latest Economic Update for the Europe and Central Asia region paints a sobering picture of economic activity,… Read More
Fostering Resilience: U.S. Department of Commerce Commemorates Supply Chain Integrity Month
Grant T. Harris, Assistant Secretary of Commerce for Industry and Analysis, has released a statement marking the commencement of Supply… Read More
Build Streamlined Logistics with Route Optimization Algorithms
Today’s fleet owners and other logistics professionals seek practical solutions to boost competitiveness and cut unnecessary costs. Many are beginning… Read More
Revitalizing Growth: Harnessing Competition for Economic Prosperity in Latin America and the Caribbean
Latin America and the Caribbean (LAC) stand at a pivotal moment, with growth stalling despite past economic stabilization efforts. In… 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
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