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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.
U.S. Increases Tariffs on Chinese Imports to Protect Domestic Industries
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Commerce Department Proposes New Aluminum Import Licensing System
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Navigating Through the Disruption – An Oceania Perspective
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How to Coordinate Global Mobility Efforts
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Food Sector Faces Multipronged Consequences of COVID-19 Outbreak
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From Physical Retail to Online Business: Marketing and Logistics Principles for Supermarkets
Supermarkets and retailers around the world began distributing goods via order channels over a decade ago, often as a future-oriented… Read More
Doing Business Under COVID-19: Going Online to Weather the Storm
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How Warehousing has Evolved Over the Years
In the last ten to twenty years, warehouses have evolved massively. The industry has come a long way just in… Read More
Free Trade in Free Fall: How Companies Can Navigate the Pandemic
Even before the global pandemic arrived in every corner of the globe, free trade and the globalized trading system were… Read More
How to Prepare Your Fleet and Stay Organized During a Global Crisis
In times of global crisis, the world relies on the trucking industry to transport essential items across the country. From… Read More
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