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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.
Freight Train Derailment Sparks Fire Near US-Mexico Border
A freight train transporting gasoline and propane derailed near the Arizona-New Mexico border, igniting a blaze that engulfed approximately six… Read More
Transportation Contract Versus Spot Pricing: Which Wins?
A recent RFP assignment once again brought to focus the topic of spot rates versus contract rates and what it… Read More
FMC Launches Second Phase of Supply Chain System Initiative
Federal Maritime Commissioner Rebecca Dye launched the second phase of the Federal Maritime Commission’s Supply Chain Innovation Teams initiative this week…. Read More
Future-Proofing Your Warehouse
The rise of ecommerce has precipitated a sea change in logistics that has massive implications for 3PL warehouses. Global online… Read More
Autonomous Trucks Could Transform Insurance
In February, Embark, a startup based in San Mateo, CA, announced a self-driving technology that would allow trucks to run… Read More
Evergreen Vessel in Seafarer Rescue
The officers and crew of Evergreen Line‘s containership EVER DIADEM joined forces with another ship to successfully rescue thirty seafarers… Read More
Delta Cargo Awarded Pharma Logistics Certification
Delta Cargo has been awarded IATA’s Center of Excellence for Independent Validators (CEIV) Pharma Logistics Certification. Delta is the first… Read More
Maersk Line Makes Concessions to EU on Hamburg Süd Takeover
In April the boards of Maersk Line and the Oetker Group approved the sale of North-South trades specialist Hamburg Süd… Read More
SC Ports Achieves Record Fiscal Year
South Carolina Ports Authority moved a record 2.14 million twenty-foot equivalent units in fiscal year 2017, an increase of 10… Read More
Port of Virginia Sets Fiscal-Year Record
The Port of Virginia handled 231,675 twenty-foot equivalent units (TEUs) in June, a new record for the month and a seven-percent… Read More
Abu Dhabi Inaugurates New Delma Port
Abu Dhabi Ports officially inaugurated Delma Port last week. Located on the eastern side of Delma Island, the new port… Read More
FMCSA Announces ELD Implementation National Tour
The United States Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) announced yesterday its electronic logging device (ELD) implementation… Read More
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