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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.
Mounting Oil Price Threat Amplifies Supply Chain Concerns Amidst Middle East Tensions
As warnings from the World Bank echo concerns of soaring oil prices amidst ongoing instability in the Middle East, supply… Read More
Logistics is Prime Target for China Outbound Investments
Logistics led the way for Chinese outbound investments during the second quarter of 2017, which amounted to a total of… Read More
Africa’s Export Markets Set to Boom In Wake of Ports Expansion
With Africa’s overall port utilization capacity now exceeding 70 percent, ports authorities and terminal operators are actively calling for partners… Read More
Using Amazon Alexa to Track Time-Critical Shipments in Real Time
Airspace Technologies, a technology-enabled logistics company specializing in time-critical shipments, today announced an integration with Amazon Alexa-enabled devices allowing device… Read More
Chain.io Unveils Beta Release of Supply Chain Open Access Integration Platform
Chain.io, an innovator in cloud-based supply chain integration, has announced the beta release of its open access Chain.io Platform. The… Read More
Amber Road Enhances Restricted Party Screening for PEP
Amber Road, a provider of cloud-based global trade management (GTM) solutions, has announced that it has added advanced Politically Exposed… Read More
Blockchain Smart Contracts for Supply Chains
A new report explains the concept of smart contracts and their application in supply chains, as well as highlighting their… Read More
“Product Freight” is Different Than “People Freight”
If your email box is anything like mine it is getting populated with three to five emails a week from… Read More
Low Oil Prices Have OSV Companies Running Out Of Options
The Gulf of Mexico has been “brutal” for Offshore Supply Vessels. The North Sea market is “depressed.” The Brazilian market… Read More
Kuehne + Nagel Expands its Position in Perishables Logistics
With the acquisition of CFI, Commodity Forwarders Inc., an airfreight forwarder of perishables products in the United States, and Trillvane… Read More
US Freight Transportation Services Index Hit All-Time High in May
The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry,… Read More
Yusen Opens Center in Myanmar to Expand Contract Logistics Service
On July 12, Yusen Logistics held an opening ceremony for Thilawa Logistics Center in the Thilawa Special Economic Zone (SEZ)… Read More
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