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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.
Iran Tensions’ Global Trade Impact Revealed by Seized Ship Cargo
The ship MSC Aries recently made headlines after being seized by Iran’s Islamic Revolutionary Guard Corps near the Strait of… Read More
Enhancing Student Readiness For Shipping Industry Jobs
South Africa-based School of Shipping, which offers adults an education in maritime studies specifically relating to importing and exporting, and… Read More
Connecting Ships, Ports, and People
The importance of coherent and connected development across all maritime sectors will feature strongly in International Maritime Organization’s work this… Read More
Benchmarking Against Peers Upheld Among Shippers
International transportation and logistics executives are increasingly benchmarking their companies’ costs and supplier terms in ocean transport contracts, according to… Read More
Florida Ports Abandon Cuba Deals After Governor’s Threat
Two ports in Florida, the port of Palm Beach and Port Everglades, caved to political pressure after Florida’s Governor Rick… Read More
First Direct Container Service Between Saudi Arabia And India
Qatar Navigation (Milaha), a maritime and logistics conglomerate, has signed an agreement with the Kandla International Container Terminal (KICT) in… Read More
A Look Into the Future
Last year was record-setting for the logistics and supply chain industry with $5 billion in total projected investments. We saw… Read More
Only Half of Companies Working on Supply Chain Transformation
Supply chains are undergoing remarkable transformations. The continuing development and deployment of digital technologies and the proliferation of ecommerce have… Read More
Improving Vaccine Deliveries in Developing Countries
Deutsche Post DHL Group and Gavi, the Vaccine Alliance, today announced a global partnership to help improve vaccine supply chains… Read More
Great Lakes-St. Lawrence Vital to Growth, Trade
In a speech last week in Toronto, new Chamber of Marine Commerce President Bruce Burrows called the Great Lakes and… Read More
Cargolux Renews GDP Certification
Cargolux Airlines has successfully passed its GDP (Good Distribution Practice) renewal audit, validating its GDP certification and attesting that the… Read More
SC Ports Authority Container Volume Climbs Five Percent
The South Carolina Ports Authority has reported a 5.4-percent increase in TEU volume for the current fiscal year to date,… Read More
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