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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
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
Malware Outbreak Attributable to State Actor, NATO Researchers Say
The global outbreak of what is now being called the NotPetya malware on June 27, hitting multiple organizations in Ukraine,… Read More
Dropshipping and Omnichannel Retail
In a recent podcast, Jeremy Hanks, CEO of DSCO, a software company, illuminates some of the dropship issues facing omnichannel… Read More
New On-Terminal Reefer Service Area Opens in Charleston
South Carolina Ports Authority has opened a new refrigerated container service area in the Port of Charleston, marking a $14… Read More
Panama Commemorates One-Year Anniversary of Expanded Canal
Panama commemorated the one-year anniversary of the inauguration of its expanded canal last week, a significant milestone in the history… Read More
BREAKING NEWS: CMA CGM to Sell Stake in Los Angeles Terminal
CMA CGM announced today it had signed an agreement with EQT Infrastructure and its partner P5 Infrastructure, under which EQT… Read More
Calgary Takes Aim at Transportation and Logistics
The news out of Calgary, Alberta, last week was of the groundbreaking for a new distribution center for Whirlpool Canada… Read More
China’s Belt and Road Initiative Moves Into the Arctic
When China convened its Belt and Road Forum in Beijing last month, most of the attention focused on the initiative’s… Read More
How Should the Supply Chain React to the Oakland Tragedy?
Eye-witnesses said that it was “like a fireball that was moving” and two men were charged with manslaughter. The Oakland… Read More
Samsung to Expand US Operations
Samsung reached an agreement with the State of South Carolina to open a state-of-the-art home appliance manufacturing plant in Newberry… Read More
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