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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.
5 Ways to Streamline Cross-border Transportation
Over $1 trillion in goods consistently cross the U.S.-Canada and U.S.-Mexico borders annually. And with nearly 30% of all U.S…. 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
CSX Begins Operations at Pittsburgh Intermodal Rail Terminal
CSX began operations at its new Pittsburgh intermodal rail terminal, located in McKees Rocks, Pennsylvania, last week. The facility provides… Read More
Preparing for Golden Week
The following Q&A about Golden Week was provided by the freight forwarder Flexport. When is Golden Week? The National Day… Read More
US Waives Jones Act to Ease Hurricane Logistics
On September 8, in recognition of the severity of Hurricanes Harvey and Irma, Department of Homeland Security Acting Secretary Elaine… Read More
Port Newark Auto Terminal’s New Mobile RoRo Training Simulator
Ports America’s Port Newark Auto Terminal (PNAT) has purchased a mobile ro-ro operations labor training simulator, which prepares drivers for… Read More
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