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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.
Mounting Oil Price Threat Amplifies Supply Chain Concerns Amidst Middle East Tensions
As warnings from the World Bank echo concerns of soaring oil prices amidst ongoing instability in the Middle East, supply… Read More
ZIM Unveils Restructured Network
ZIM has introduced the final phase of its new network, to begin April 2017. ZIM’s new service ZIM MED PACIFIC… Read More
Trump’s DHS Budget Emphasizes Border Security, Immigration
Contrary to the reporting in some media outlets earlier this month, which speculated that the United States Coast Guard’s budget… Read More
Zambia: Increased International Cooperation for Sustainable Transportation
Zambia has called for increased international cooperation to achieve sustainable transportation at the national and regional levels. Speaking at the… Read More
Manufacturer Makita Buys Warehouse in Wilmer, Texas
Makita USA, a manufacturer of industrial power tools, has purchased a 227,230 square-foot warehouse on 14.3 acres in Sunridge Business… Read More
Arctic Icebreaker Escorts Up 100 Percent
Shipping on the Northern Sea Route has far to go before achieving its potential, but Russia’s fleet of nuclear-powered icebreakers… Read More
Maersk Container Industry Launches Enhanced Reefer System
Extending the profitable market reach of high-value perishables, Maersk Container Industry (MCI) launches an extension of its established controlled atmosphere… Read More
US DOJ is Investigating New Ocean Shipping Alliances
On the eve of the inauguration of two new mega-alliances, a report reveals that the alliances and their carrier members… Read More
The Warehouse of the Future: An Interactive Infographic
As soon as 2019, new technologies could be revolutionizing and improving efficiency in warehouses. Technologies including artificial intelligence, 3D printing,… Read More
Expanded Panama Canal Welcomes 1000th Neopanamax Vessel
Less than nine months after the historic inauguration of the expanded canal, the Panama Canal announced that it has welcomed… Read More
WATCH: Introduction to International Logistics & Trade Compliance
An overview from the Georgia Tech Supply Chain & Logistics Institute relating to the complexities of global trade, its impact… Read More
Pharma Logistics Can Learn From Other Sectors
Speaking at a recent cold-chain logistics summit, Alan Kennedy from TEAM-UP stressed the need for the pharma sector to embrace… Read More
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