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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.
Port of Lake Charles Surges into Top 10 US Ports for Cargo Handling
The Port of Lake Charles has catapulted into the ranks of the nation’s top 10 busiest ports, according to the… Read More
Technology and Capital Changing 3PL Landscape for the Better
The days of freight brokers operating with three phones and their hair on fire desperately looking for a carrier back… Read More
Launch of Blockchain Supply Chain Financial Services Platform for Pharmaceuticals
IBM and Sichuan Hejia Co. announced the launch of a blockchain-based, supply chain financial services platform for pharmaceutical procurement to… Read More
SCPA: Six Percent Container Growth, $262.3 Million in Capital Expenditures in FY2018
The South Carolina Ports Authority Board of Directors adopted a 2018 fiscal year financial plan that includes six percent pier… Read More
FMC Allows NYNJ OCEMA to Proceed
A tie vote yesterday at the Federal Maritime Commission will not prevent the Port of New York & New Jersey/OCEMA… Read More
FourKites Releases Real-Time Temperature Tracking Solution for Shippers
FourKites, a provider of multimodal supply chain visibility solutions, has launched the industry’s first real-time temperature and location tracking solution… Read More
SelectUSA Investment Summit Wraps Up in Washington
The Department of Commerce concluded its fourth SelectUSA Investment Summit on Tuesday, setting records for total registrations and participating international… Read More
Brick and Mortar is Far From Doomed
Much has been made recently of the eclipse of brick-and-mortar retail by ecommerce and the latest monthly sales figures appear… Read More
ONE More Step Along Consolidation Road
Japanese carriers NYK, MOL and K Line have announced the new name of their merged containership entity: Ocean Network Express… Read More
US Shale Gas Leads Global Energy Market in BP Outlook
Natural gas will be the fastest-growing traditional global energy source, according to a recently-released BP report, growing faster oil and… Read More
US Navy Begins Investigation Into Fatal Collision With Cargo Ship
US Seventh Fleet Commander Vice Admiral Joseph Aucoin announced the commencement of an investigation into the fatal collision between the… Read More
US 3PLs Had Mediocre Year in 2016, Says Armstrong Report
2016 was a mediocre year for third-party logistics in the United States, according to a report recently released by Armstrong… Read More
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