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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.
How AI is Revolutionizing Ocean Freight Pricing
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Not Just the Warehouse: How Smart Inventory Management Improves Your Ecommerce Overall
Once you start using Smart Inventory Management (SIM) in your ecommerce, you’ll notice lots of benefits mostly surrounding inventory control… Read More
Smart Logistics: Catalysts Changing the Logistics Sector
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Everyone’s Breaking Into Breakbulk
Time was breakbulk, project cargo and multipurpose/heavylift were their own niche sector on the global shipping spectrum, but many of… Read More
Agility & Speed Essential for East Coast Port Growth
When the Evergreen Triton arrived at the Helen Delich Bentley Port of Baltimore on May 24, it became the largest… Read More
How is the largest cargo aircraft in the world used?
Imagining the largest cargo aircraft in the world almost seems impossible. Even the regular iterations of these planes seem unimaginably… Read More
TESLA’S CEO DISRUPTS LOGISTICS TRANSPORTATION
For proof that Elon Musk is an innovator when it comes to logistic transportation—as opposed to, in this exercise, space… Read More
How Union Pacific Improves Rail Connections
Rail connections that provide transport alternatives will ultimately be the first choice for customers seeking reliable options as well as… Read More
Marine Emission Control System Market to cross USD 14 billion by 2024
Global Marine Emission Control System Market is set to grow from its current market value of more than $5 billion… Read More
PORT TAMPA BAY GROWS BY LEVERAGING ITS REAL ESTATE AND CARGO DIVERSITY
Diversity among seaports is a concept not only understood but exemplified with Port Tampa Bay. Known as Florida’s largest seaport… Read More
World Distribution Services Announces $6.2 million Warehouse Renovation
Driven by a vision for infrastructure upgrades, technology enhancements, and new machinery, supply chain solutions provider World Distribution Services announced… Read More
OUR TOP TEN LIST: THESE SHIPPING COMPANIES CONTROL NEARLY 75% OF THE MARKET
Container shipping continues to be a major means of cargo transportation in 2019. While there does not exist an outright… Read More
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