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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.
U.S. Increases Tariffs on Chinese Imports to Protect Domestic Industries
Today, U.S. Secretary of Commerce Gina Raimondo issued a statement supporting President Biden’s directive to the United States Trade Representative… Read More
Ocean Carrier OOCL Christens Largest Containership
OOCL announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung… Read More
Site Selection: Americold Purchases Additional San Antonio Facility
Americold has announced that it has purchased a temperature-controlled storage facility in San Antonio, Texas, adding another state-of-the-art food distribution… Read More
SC Ports Welcomes Biggest Ship Ever to Call East Coast
On the heels of record-breaking container volumes in March and April, the South Carolina Ports Authority celebrated another milestone with… Read More
Bipartisan Voices Call for Robust Infrastructure Funding
The Philadelphia International Airport hosted Building America’s Future and Airports Council International – North America yesterday, along with numerous members… Read More
Port of Virginia’s Container Volumes Climb in April
The Port of Virginia moved 225,196 twenty-foot equivalent units (TEUs) in April, which is growth of 4.6 percent when compared… Read More
CHOOSE YOUR PORTS
Psssst. You looking for a port? Well, you’ve come to the right place. What? No, we’re not a port, but… Read More
WATCH: Ship Catches Fire at Middle East Port
A fire that broke on a ship carrying petroleum products reportedly killed one person at Al Hamriya Port, Sharjah, UAE,… Read More
US Exports Drive Demand for Added Service at Rickenbacker International Airport
After an immensely successful partnership moving both imports and exports via weekly wide-body freighter service to Rickenbacker International Airport in… Read More
Spring Cargo Numbers Signal Better Year for Great Lakes-Seaway Shipping
Spring cargo numbers from the St. Lawrence Seaway and US ports are signaling a better year for Great Lakes-Seaway shipping…. Read More
Ocean Carrier ZIM Posted Adjusted Earnings of $57.4 Million in First Quarter
The Israel-based ocean carrier ZIM reported improved financial numbers in the first quarter of 2017. Its operating cash flow was… Read More
Watch: The Future of Ports—2060
Cargo equipment specialist Kalmar presents its vision of how cargo handling will take place at terminals in 2060. Data will… Read More
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