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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
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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
DHL Simplifies Air Freight Quotations and Bookings
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has introduced a new online freight… Read More
Chronicled Achieves Certification for its Micro Temp-Logging Solution
Chronicled, Inc. has announced that its second-generation micro temp- logging solution has been certified for Title 21 CFR Part 11,… Read More
Chinese Aviation Products Gain Access to US Market
After 12 years of consultations, the US Federal Aviation Administration (FAA) and the Civil Aviation Administration of China (CAAC) signed an… Read More
LARGER-THAN-LIFE LEOPARD LEAPS FROM SOUTH AFRICA TO UK WITH TIGERS’ HELP
Tigers has transported 29 large bronze wildlife sculptures from Cape Town, South Africa to London, for conservationist-turned-artist Bruce Little’s largest… Read More
Atradius: Global Upswing to Continue in 2018
Global economic momentum, which began picking up in the second half of 2016, has solidified throughout 2017. So says a… Read More
Using Data Analytics to Make Better Deliveries
Ecommerce has changed operational, cost, and profit equations for air carriers in recent years. Consider a few ways delivering air… Read More
FMC Report: Create National Seaport Information Portal
The United States economy relies upon an international supply chain that can be made more efficient and resilient through private… Read More
Ex-Chair of Hanjin Shipping Gets Jail Time
A court in Seoul, South Korea sentenced the former chairwoman of the defunct Hanjin Shipping Co. to a year and… Read More
UK-EU Brexit Agreement: Not Yet a Done Deal
The headlines last week screamed of a breakthrough in the negotiations between the United Kingdom and the European Union over… Read More
Trump Administration Approves Oil Project In Arctic Waters
The Trump administration is continuing a program of energy development on Alaska’s North Slope, with the Interior Department approving new… Read More
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