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.
Redwood Logistics and American Tire Distributors to Showcase Innovative Supply Chain Orchestration at Gartner Symposium
Redwood Logistics, a leading fourth-party logistics (4PL) provider in North America, is set to sponsor the highly anticipated 2024 Gartner… Read More
Freight Index Reaches Another All-Time High
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry,… Read More
The Biggest Challenges Facing Logistics CIOs
What is the biggest challenge facing CIOs in the logistics industry? Cyberterrorism and finding qualified, experienced staff are the biggest… Read More
THE PERFECT PAIRING
Spurred by rising consumer expectations and ecommerce giants like Amazon reimagining order fulfillment, retail warehouse managers are under pressure to… Read More
Florida Ports Open After Irma
Florida ports are back open after several days of cleanup following Hurricane Irma, but some ports are still experiencing some… Read More
Commercial Drones Market Expected to More Than Triple by 2024
A new report estimates that the global commercial drone market will more than triple by 2024. The report, which examines… Read More
The World’s Top Logistics Providers: How Are They Preparing For The Future?
Logistics technology is moving forward at breakneck speed; in what aspects of logistics operations and sales do you believe technology… Read More
The Robots Are Coming
A new UNCTAD report sees the threat to good jobs spreading to some developing countries but points to the real… Read More
Steel, Agriculture Cringe at Thought of Trump Import Restrictions
A report released this week by the American Institute for International Steel concludes that restrictions on iron and steel imports,… Read More
Report Details US Exposure to Forced Labor Exports from China
China maintains a network of prison labor facilities that use forced labor to produce goods for export, according to a… Read More
Where Would The US Be Without Its Free Trade Agreements?
Where would the United States be without its Free Trade Agreements (FTAs)? The short answer is left behind. We will… Read More
Port of Virginia Posts Record August Volumes
The Port of Virginia experienced the most productive August in its history, moving 240,605 TEU, a 2.2 percent increase when… Read More
« Previous 1 … 292 293 294 295 296 … 542 Next »