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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.
Call for Nominations: ALAN’s 2024 Humanitarian Logistics Awards Celebrate Supply Chain Heroes
The American Logistics Aid Network (ALAN) is now accepting nominations for its eighth annual Humanitarian Logistics Awards, shining a spotlight… Read More
Dürr Expands Digital Strategy to Project Logistics
Dürr Systems has taken another step forward in its ambition to become a global leader in the realm of digitization…. Read More
NEW SKIN IN THE GAME
Earlier this summer, the announcement came that Utah-based Nu Skin, a manufacturer of beauty and wellness solutions, had selected XPO… Read More
The Urgency to Transform Global Logistics
Nearly every industry on the planet is undergoing transformation. Disruptive pressures and heightened customer expectations – mostly driven by technology… Read More
US Goals for NAFTA Renegotiation Meet With Resistance
“I know we all agree that NAFTA needs updating. This is a 23 year-old agreement and our economies are very… Read More
AMERICA’S 100 LEADING 3PLs
It’s a measure of the quickly growing/changing/evolving global marketplace that arguably the most critical industry serving it, third party… Read More
Record July Volumes at Port of Virginia
The Port of Virginia moved 234,230 twenty-foot equivalent units (TEUs) in July, which is growth of 7.5 percent when compared with… Read More
WATCH: UPS Enhances Driver Safety Training With Virtual Reality
UPS will start training student delivery drivers to spot and identify road hazards using virtual reality (VR) headsets that simulate… Read More
Drewry: Potential for Container Shipping Profitability In Danger
Having been dormant for over 18 months the containership orderbook could be about to jolt back to life as CMA… Read More
BREAKING NEWS: Trump Signs Infrastructure Executive Order
President Donald Trump signed an executive order today which he claims will streamline processes for building infrastructure in the United… Read More
NOAA: Active Atlantic Hurricane Season Ahead
The National Oceanic and Atmospheric Administration (NOAA) issued the scheduled update for its 2017 hurricane season outlook. Forecasters are now… Read More
Competitors UPS and FedEx Unite to Demand Reform
The chief executives of UPS and FedEx authored a joint op-ed published in the Wall Street Journal calling for the… Read More
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