Looking for the latest news on global logistics and supply chain management? Get inside information on global shipping, warehousing, and foreign trade.
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.
How Tech-Driven Solutions Are Transforming Earnings and Efficiency in the Gig Economy
Financial stability is key for drivers in any successful logistics ecosystem, but the struggle is, in fact, real for many:… Read More
New Report Exposes China’s Steel Subsidy Tactics, Highlights Market Manipulation
Wiley Rein LLP, a prominent Washington, D.C.-based law firm, has released a report titled “Shell Game: Case Studies in Chinese… Read More
Steady Demand for US-bound Shipments keeps Container Prices from Crashing
The global container shipping industry continues to witness an increase in freight demand for US bound shipments as 59% of… Read More
Global Goods Trade Rebounds in Q3 2024, But Geopolitical Risks Loom: WTO Report
Global goods trade continued its recovery in the third quarter of 2024, according to the latest World Trade Organization (WTO)… Read More
Explore the World’s Best Import Markets for Railway Goods Wagons
When it comes to the import market for railway goods wagons, there are several key players that dominate the industry…. Read More
The Impact of Automation and AI on Supply Chain Efficiency: Transforming Logistics for the Future
The supply chain industry is in the midst of a significantly different transformation due to automation and artificial intelligence (AI)… Read More
Freight Forwarders Predict Tighter Space and Higher Rates Coming out of Asia
The Chinese e-commerce sellers Temu and Shein, are upending the air cargo market. Cheap clothing and household goods bound for… Read More
Exploring Global Markets: Countries and Industries Offering Opportunities for Business Abroad
While inflation is decreasing, interest rates continue to affect households and businesses. That being said, there are ‘bright spots’ in… Read More
Stuart and Square Unite to Streamline E-Commerce Deliveries for Restaurants, Retail, and Beauty Businesses
Last-mile logistics specialist Stuart has announced a new partnership with global tech company Square, designed to streamline delivery and operations… Read More
US East Coast Dockworkers Union Braces for Potential Strike Over Wage Dispute
The International Longshoremen’s Association (ILA), representing 45,000 workers at major U.S. container ports from Texas to Maine, is set to… Read More
Addressing Labor Shortages in the Logistics and Transportation Industry
Labor shortages in the supply chain industry are having a significant impact on logistics and transportation. While some predicted that… Read More
How Traders Can Enhance Their Focus Capability?
For traders, maintaining sharp focus and mental clarity is crucial to making quick and effective decisions. Whether you’re trading stocks,… Read More
« Previous 1 2 3 4 … 574 Next »