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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
KN Eurasia Express
With the launch of KN Eurasia Express, Kuehne + Nagel offers less than container load (LCL) shipments between China and… Read More
Samsung Builds World`s First 20,000+ TEU Containership
Samsung Heavy Industries, Ltd. broke the record for building the largest continership surpassing 20,000 TEU. SHI held a naming ceremony… Read More
INTTRA Acquires Avantida
INTTRA announced yesterday that it has acquired Avantida, a European market leader in empty container management for ocean carriers. Avantida… Read More
WATCH How Florida’s Economy Depends on Trade
Two and a half million high-wage Florida jobs rely on international trade. Learn the benefits trade provides the Sunshine State.
Shipments From Europe to Asia Through Arctic Are Still Rare
Russia is making a big move in the Arctic, building new infrastructure and promoting northern shipping routes as an alternative… Read More
Maersk Invests in Carrier’s Natural Refrigerant Container Units
Striving to further reduce the environmental impact of its global shipping operations, Maersk Line, the world’s largest container shipping line,… Read More
SC Ports Breaks Ground on Inland Port Dillon
Officials broke ground on the site of Inland Port Dillon yesterday, a South Carolina Ports Authority facility slated to open… Read More
US Infrastructure Earns D+ Grade
If it’s one thing President Donald Trump and congressional Democrats agree on, is the need for investment in US infrastructure…. Read More
Rolls-Royce Investing in R&D for Ship Intelligence
Rolls-Royce has announced the latest stage in its research and development plans to make remote and autonomous shipping a reality… Read More
North American Freight Down in 2016
Four out of five major transportation modes – truck, pipeline, vessel, and air – carried… Read More
THE Alliance Chooses DP World’s UK Ports
Global container shipping consortium THE Alliance has announced that all of its mainline UK calls will be handled by DP… Read More
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