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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.
Innovating Warehouse Efficiency: Gather AI Introduces Drone-Powered Inventory Solutions
Gather AI, renowned for its computer vision-based AI solutions for warehouse inventory monitoring, unveils two groundbreaking capabilities: inferred case counting… Read More
HKIA Achieves Record Breaking 2016
Hong Kong International Airport (HKIA) recorded continuous traffic growth in 2016, with all three traffic categories reaching new annual heights…. Read More
Supply Chain Drones to be Assessed
Kenco Innovation Lab research manager Matt McLelland will be presenting on the current status and usage of drones in warehousing… Read More
DP World Joins UN Emergency Team
DP World will provide expertise and resources to help the humanitarian community respond to major disasters as part of the… Read More
DHL eCommerce Launches Fulfillment Center in Sydney
DHL eCommerce, a division of Deutsche Post DHL Group, has launched a fulfillment center in Sydney, Australia, to support growing… Read More
China to Sink $3.7 Billion in Philippines Infrastructure
China has agreed on bilateral cooperation with the Philippines on 30 projects worth $3.7 billion much of it focused on… Read More
Environmental Discounts at Port of Gothenburg
One in three vessels that called at the Port of Gothenburg last year were classified as green according to the… Read More
Standard Chartered Closes Three Ship Deals
Standard Chartered, a global bank headquartered in London, has announced the completion of three shipping finance deals for clients in… Read More
Maritime Piracy Agreement Broadened
An international agreement that has been instrumental in repressing piracy and armed robbery against ships in the western Indian Ocean… Read More
New South Korean Container Company Launched
A South Korean construction company, Samra Midas (SM) Group, is entering the container shipping domain with the launch of SM… Read More
New Multi-Route Software Features
OnTerra Systems, a technology leader in web mapping, route optimization, and Bing Maps licensing and services, has introduced new features… Read More
Spare Parts Logistics: An Essential Part of Global Supply Chain Management
Armstrong & Associates estimates the global spare parts logistics (SPL) market is $52.7 billion a year, representing approximately 6.9 percent… Read More
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