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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
Cosco Shipping to Acquire Orient Overseas International
The controlling shareholder of Orient Overseas (International) Limited (OOIL) has accepted an offer for its shares from Cosco Shipping Holdings… Read More
Global Businesses and The Three Bears Question
Every kitchen sink startup has experienced the production crunch when orders go from zero to dozens, and mom-and-pop businesses fret… Read More
Prysmian Group Selects Transplace for Managed Transportation Services
Prysmian Group has selected Transplace, a provider of transportation management services and logistics technology solutions, to manage all transportation activities… Read More
Procured in the USA
“Locally Sourced” signs are plentiful in the aisles of farmers’ markets, grocery stores, and retail businesses. These signs signify that… Read More
Reducing Costs, Increasing Efficiency, and Improving Safety for US Freight Transportation
Railroads, trucking, and certain types of aviation are ripe for automation that will improve the safety and efficiency of United… Read More
Swisstrain Expands Its Service Offering
The Swisstrain, a transportation product offered by Swissterminal AG, of Frenkendorf, Switzerland, os expanding its service portfolio. Beginning today, the… Read More
Tips & Tricks for Intermodal Success
For those sitting on the intermodal sidelines, there is no better time than the present to bring intermodal into your… Read More
How US States Rely on the NAFTA Supply Chain
For companies, cities, and states reliant on North American trade, the stakes of a NAFTA renegotiation are potentially high. In… Read More
3PLs: Opportunities and Threats
Global markets are evolving into regional production and consumption models. As ecommerce grows —with its consumer expectations of fast deliveries—manufacturers… Read More
XPO Logistics Keeps the Tour de France on the Road for the 37th Year
XPO Logistics, a global provider of transport and logistics solutions, has been named the official transport partner of the 104th… Read More
Little-Known Program Helps Small Manufacturers Grow
Many small manufacturers around the country have a little-known, decades-old government initiative to thank for a portion of their success…. Read More
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