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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
The Best is Yet to Come for Container Ocean Carriers
The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing… Read More
Port of Virginia: May Volume Sets All-Time Mark
The Port of Virginia moved 246,871 twenty-foot equivalent units (TEUs) in May, representing growth of 12.5 percent when compared with… Read More
WATCH: Global Trade Solutions—Receivables Purchasing and Supplier Financing
Watch this video from Bank of the West to learn about financial tools available to businesses that can make their… Read More
Trump Budget Includes Funds for Two US Port Projects
Two seaports in the United States will be the sole beneficiaries of allocations in the budget introduced by the Trump… Read More
Renault-Nissan Alliance Selects Amber Road to Maximize Preferential Trade Benefits
Amber Road, a provider of global trade management (GTM) solutions, has announced that the Renault-Nissan Alliance is partnering with Amber… Read More
WATCH: President Trump Talks Infrastructure
“Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports, and railways gleaming across our very, very beautiful land,”… Read More
Carbon Footprint Monitoring in the Logistics Chain
Arviem AG announced the launch of its new service, real-time carbon footprint monitoring in the logistics chain to support sustainability… Read More
Port of Baltimore Planning for Bigger Ships and More Containers
Supersized container ships traveling through the newly expanded Panama Canal have been arriving at the Helen Delich Bentley Port of… Read More
Trucking App Uber Freight Launched
Uber started with the idea of pressing a button and getting a ride. Six years and more than two billion… Read More
WATCH: Trump Announces Air Traffic Control Initiative
President Donald Trump proposed yesterday to take the nation’s air traffic control system out of the hands of the federal… Read More
Transportation and Economic Issues Addressed During Shipper Symposium
Transplace, a provider of transportation management services and logistics technology, wrapped up its 15th annual Shipper Symposium in Austin, Texas… Read More
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