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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
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
Trump Has Yet to Appoint New TSA Administrator
The Trump administration has been neglectful in nominating professionals to sub-cabinet positions, with many cabinet secretaries, including those at State… Read More
WATCH: What’s Going on in the South China Sea?
China’s activities in the South China Sea, which includes building up artificial islands and developing military facilities on them, has… Read More
Deal for Smart Reefer Containers on Silk Road
Kazakhstan Temir Zholy Express ( KTZE), a provider of transportation and logistics for China’s New Silk Road, and global supply… Read More
WCO Adopts Trade Facilitation Agreement
Recently, the World Customs Organization (WCO) and its members agreed to implement the Trade Facilitation Agreement. Will this simplify crossborder… Read More
WATCH: What is Logistics Management?
What is logistics? What is logistics management? What is logistics in supply chain management? Logistics in supply chain management is… Read More
Over-using Non-competes Harms Logistics Employees And Employers
Companies in competitive industries like logistics and transportation must strike a balance between protecting sensitive information and promoting integrity, a… Read More
Testing Wind Propulsion Technology on Ocean Vessels
Norsepower Oy Ltd., in partnership with Maersk Tankers, the Energy Technologies Institute (ETI), and Shell Shipping & Maritime, will install… Read More
Trump’s Budget Slashes Funding for Transportation Infrastructure
The fiscal year 2018 budget blueprint released by the White House yesterday is peculiar for a president who has promised… Read More
WATCH: China’s One Belt, One Road
Kevin Sneader and Joe Ngai, senior partners at McKinsey & Company, discuss the complex vision of One Belt, One Road… Read More
KN Eurasia Express
With the launch of KN Eurasia Express, Kuehne + Nagel offers less than container load (LCL) shipments between China and… Read More
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