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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.
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
NAFTA Renegotiation: Separating Fact From Fiction
While most of this summer’s news from Capitol Hill has centered around health care, North Korea, and the investigation into… Read More
Sleek Fleet Launches Solution to Connect Truck Drivers with Shippers
Sleek Fleet LLC has launched its web- and mobile-enabled freight marketplace solution designed to directly connect owner operators with loads… Read More
Providing Retailers and Suppliers Data Intelligence to Optimize Fulfillment and Shipping
DSCO, a supply chain intelligence company, has announced a partnership with Shippo, an enterprise shipping software company, through which Shippo’s… Read More
Miami: Africa’s Gateway to the Americas
Geographic location plays an important role in international trade, a fact that makes it challenging for landlocked countries to significantly… Read More
FMC Collects $925,000 In Penalty Payments
The Federal Maritime Commission has completed compromise agreements recovering a total of $925,000 in civil penalties with eight non-vessel-operating common… Read More
Hub Group Launches Freight Visibility Platform
Hub Group, a multimodal transportation solutions provider, announced today that it has launched Hub Group Connect, a tracking tool designed… Read More
AUTOMATED INTELLIGENCE
Obtaining visualization into the company’s end-to-end supply chain is a topic on the forefront of supply-chain management professionals’ to-do list…. Read More
KCS Dedicates Joint Unified Cargo Processing Facility
Kansas City Southern president and CEO Patrick J. Ottensmeyer joined officials representing the US Customs and Border Protection (CBP) and… Read More
Maersk Turns Profit Despite $300 Million Cost of Cyber Attack
Maersk Line posted a profit of $339 million in the second quarter of 2017, a much better result than the… Read More
FROM POLK COUNTY TO THE WORLD
Foreign firms looking to do business in Florida or the greater eastern US have a clear alternative in Polk County…. Read More
Cyber Kinks in the Global Supply Chain
As one of the most critical links in the global supply chain, shipping is often considered the lifeblood of the… Read More
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