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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.
Navigating Global Trade Trends: Port of Hueneme Showcases Supply Chain Innovations and AI Advancements during World Trade Week
In honor of World Trade Week, the Port of Hueneme recently hosted a trade-focused event spotlighting current industry trends and… Read More
Port of NYNJ Welcomes First 13,000-TEU Vessel
On July 17, Orient Overseas Container Line (OOCL) sailed the largest container ship to date into the Port of New… Read More
FTA: Brexit Talks Must Make Rapid Progress To Prevent Disaster
As the second round of Brexit talks got underway this week, the Freight Transport Association (FTA)—the UK’s largest transport trade… Read More
Manufacturer of Music Accessories Transforms Warehouse Logistics
König & Meyer experienced a total transformation of its warehouse logistics. The German manufacturer of music accessories not only moved… Read More
OOCL—The Perfect Bride for Cosco
Last week, a joint statement was issued by Hong Kong-based Orient Overseas International Ltd. (OOIL) and Chinese state-owned Cosco Shipping… Read More
Report: More Inclusive Global Value Chains Advance Growth in Developing Countries
Global value chains (GVCs) are transforming world trade, but must be more inclusive if they are to deliver greater benefits… Read More
The Idle Containership Fleet Is Shrinking
Having been one of the few (unwanted) fast-growing segments in the containership industry until recently, the idle containership fleet has… 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
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