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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.
Building Resilient Supply Chains through Collaboration and Digital Connections
Collaboration and communication are increasingly important for effective continuity planning and business development in a complex and uncertain global supply… Read More
Panama Canal Increases Daily Neopanamax Vessel Reservations to Seven
The Panama Canal increased the number of daily booking slots available for neopanamax vessels from six to seven on December… Read More
Speeding the Supply Chain
Accelerating the supply chain. It’s a theme often encountered among logisticians and company executives. There is a relationship between speed… Read More
Container Shipping 50 Years From Now
Container shipping has been around for 50 years. What do the next 50 years hold? McKinsey investigated containerization in 1967,… Read More
Over- And Under-Supplying Hurts Profits
Matching expensive supply to uncertain customer demand is a central problem facing retailers, manufacturers, agriculture biotech firms, hotels, and airlines…. Read More
Four More Neopanamax Cranes Arrive at Port of Savannah
Four additional neopanamax cranes sailed into the Port of Savannah recently, with a 50- by 100-foot American flag across the… Read More
Alaska Oil Drilling Survives House-Senate Tax Conference
A provision in the Senate Republican tax proposal which would allow oil drilling in areas of the Alaska National Wildlife… Read More
Ten Supply-Chain Predictions for 2018
A new report from the market research firm IDC, “IDC FutureScape: Worldwide Supply Chain 2018 Predictions,” posits that digital transformation… Read More
Augmented Reality: The Next Big Thing in Global Logistics?
Imagine a warehouse staff efficiently sorting through various packages during a manual picking operation and accurately locating the right one… Read More
US Senate Tax Bill Includes Measure to Open Arctic Refuge to Drilling
Oil and gas exploration in a portion of Alaska’s Arctic National Wildlife Refuge (ANWR) will be allowed if the provision… Read More
dnata Successfully Tests Blockchain Technology
dnata’s cargo operations, in conjunction with Emirates Innovation Lab, IBM, and flydubai Cargo, has created a new value proposition for… Read More
Captain’s Decisions Led to El Faro Sinking, NTSB Says
The deadliest shipping disaster involving a US-flagged vessel in more than 30 years was caused by a captain’s failure to… Read More
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