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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.
Gather AI Secures $17 Million Investment to Revolutionize Warehouse Management with AI-Driven Solutions
Gather AI, a leading provider of advanced computer vision and AI-powered inventory monitoring solutions for warehouses, has announced a successful… Read More
Federal Water Bill Requires Fresh Look at Arctic Port for Alaska
A small clause in the nation’s most recent water resources and funding bill could breathe new life into plans for… Read More
Roadmap to Reform Federal Coal Program Released
The United States Department of the Interior’s Bureau of Land Management (BLM) yesterday released the results of a comprehensive, public… Read More
Port of Virginia Sets New Volume Record
The Port of Virginia set a new annual record for container cargo volume having handled more than 2.65 million TEUs,… Read More
A First for Arctic Shipping
A ship owned by ZPMC Red Box Energy Services, a Netherlands-based marine-transport services provider, became the first cargo vessel to… Read More
Connecting Zhejiang and London Via Rail
A train that left Yiwu West Railway Station in Zhejiang province on New Year’s Day is currently en route to… Read More
FMC Rejects NYNJ Equipment Agreement
The Federal Maritime Commission (FMC) on Monday rejected the “Port of New York/New Jersey Equipment Optimization Discussion Agreement” (FMC Agreement… Read More
IMO Chief Opposes Including Shipping in EU Emissions Trading
IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s… Read More
UPDATED: Port of Portland Files Lawsuit Against Monsanto
The Port of Portland, has filed a lawsuit in a United States District Court in Oregon against Monsanto Company for… Read More
Russian Shipments in Arctic Set Record
The Russian Ministry of Economic Development released figures recently which show that shipments on Russia’s Northern Sea Route through November… Read More
Funding for Clean Diesel Projects in New England Ports
Three New England projects have been awarded nearly two million dollars under a competitive national grant competition to reduce diesel… Read More
BREAKING NEWS: Objection to Hanjin Northwest Terminal Sale
As a deadline for filing in a U.S. bankruptcy court neared last week, the Northwest Seaport Alliance (NWSA) objected to… Read More
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