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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
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
Maher Terminals Cleared to Sell Hanjin Containers
Maher Terminals, the largest container handler in the New York-New Jersey port complex, received the green light from a United… Read More
FMC Eases Ocean Shipping Regulations
The Federal Maritime Commission today voted unanimously yesterday to amend its rules involving service contracts and NVOCC service arrangements (NSAs)… Read More
Mixed Signals on the Future of Arctic Shipping
On March 8, “decision-makers” in the shipping industry will gather in Montréal for the 10th Arctic Shipping Summit. Despite this… Read More
CaroTrans Augments Central/Eastern European Service Network
CaroTrans, a leading global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced a new alliance with TransOcean… Read More
Enhanced CBP Investigations to Target AD/CVD Evasion
If you import into the United States, now is the time to re-evaluate your procedures on anti-dumping and countervailing duties… Read More
Maersk and IBM Unveil Crossborder Blockchain Solution
IBM and Maersk announced today a new collaboration to use blockchain technology to help transform the global, crossborder supply chain…. Read More
Trump’s Budget Jeopardizes Trade
The Trump administration submitted a budget outline to Congress last week, one which beefed up military spending–although not by enough… Read More
Delta Cargo Launches Same-Day Shipments
Delta Cargo has introduced DASH Critical & Medical, the first fully GPS-enabled, same-day product offered by a US freight carrier…. Read More
Digital Vulnerability is Transport Industry’s No. 1 Risk
Top executives in Asia’s transportation industry see digital vulnerability as their primary business risk, reflecting the changing causes and nature… Read More
Intelligent Solutions for Smarter Logistics
Created by former Amazon Web Services (AWS) platform engineers, Locus, a Californian start-up with a global presence, promises an intelligent… Read More
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