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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.
Package Theft is on the Rise: Here’s how Shipping Companies can Prepare for the Holiday Season
Over the course of the pandemic, the rate of porch piracy peaked as online shopping surged. With people steadily trickling… Read More
Supply Chain Evolution: The Role of Blockchain in Logistics
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Flexible WMS the Efficiency Cure for Ambitious 3PL
An up-and-coming US 3PL has invested in a cloud-based warehouse management system (WMS) to accelerate expansion and market share. Michigan-based… Read More
Top 7 Supply Chain Management M.B.A. Programs
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Freight Audit & Payment Data Insights Can Help Shippers Forecast for Supply Chain Peak Season
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The Importance of Commercial Appraisal in Rebate Strategy
Rebates are powerful tools for increasing cooperation between trading partners and driving margin growth, but they have to be deployed… Read More
How Can Electronic Proof Of Delivery (ePoD) Help Improve Customer Experience?
Customer satisfaction has become a crucial point for businesses to ensure exponential growth. One of the often overlooked aspects of… Read More
Qatar Airways Cargo Partners with DSV to Launch New Route from Huntsville
Qatar Airways Cargo has partnered with DSV Global Transportation and Logistics to launch a new route from Huntsville, USA, increasing… Read More
The Continued Fall-Out from Demise of Yellow Trucking
The US trucking industry recently bid adieu to one of the sector’s oldest firms – Yellow. On the heels of… Read More
Focusing on Hidden Details can Save Charters Huge Sums in Demurrage Costs, Says Voyager Portal
Charterers can save hundreds of thousands of dollars of unnecessary demurrage costs by drilling down to the detail – and… Read More
The Complexities of Transformer Transportation in the Power Industry
Upgrading power plant infrastructure is crucial for the energy industry. It’s essential in preventing widespread grid issues and enabling the… Read More
GEODIS to Hire 3,000 Seasonal Workers for Peak Season
GEODIS, a leading global logistics provider, today announced plans to hire nearly 3,000 seasonal workers across its operations in the… Read More
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