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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
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
VTT Develops New Technology For Autonomous Ship Navigation Systems
VTT Technical Research Centre of Finland is developing safe steering for the remote-monitored and controlled autonomous ships of the future…. Read More
WATCH: Understanding Global Trade Management Systems
Robert Waldrop, a Managing Director in KPMG LLP’s Global Trade Technology Services group, explains global trade management systems (GTMS), including… Read More
Infographic: Supply Chain Funding Index Decreased in 2016
In partnership with URICA, YouGov, a market research firm, published the first edition of the Supply Chain Funding index (SCFi)… Read More
Sending a Strong Signal on Global Internet Freedom
Among the range of complex foreign policy issues yet to be addressed by the Trump administration is a serious concern… Read More
Are Freight Forwarders Stuck in a Perpetual Pricing War?
It happens every single day in boardrooms across the world. Shipping executives huddle in the morning and decide how much… Read More
Mexico Fines Ocean Carriers for Monopolistic Practices
The Board of Commissioners of the Mexican Federal Economic Competition Commission (COFECE) determined that seven shipping companies are responsible for… Read More
PortMiami Welcomes Largest Containership To Call Florida
MAERSK SHANGHAI, a 10,081 TEU container ship, the largest to ever call a Florida deepwater port was at PortMiami this… Read More
Lineage Logistics Acquires European Automated Warehouse Leader
Lineage Logistics, one of the world’s largest temperature-controlled warehousing and logistics companies, announced yesterday it has acquired Partner Logistics, Europe’s… Read More
UPS Opens New Healthcare Facility In Colombia
UPS has announced the opening of its new healthcare-dedicated facility in Colombia. The 76,000-square-foot center represents UPS’s latest investment in… Read More
Digitization in the Ocean Industry is at a Tipping Point
INTTRA, the ocean container shipping industry’s largest neutral electronic transaction platform and information provider, hosted executives at its Technology Summit… Read More
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