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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.
Supply Chain: Challenges and Key Solutions
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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
AirBridgeCargo: 1,000-Flight Milestone in Amsterdam and Frankfurt
AirBridgeCargo Airlines’ (ABC) growing fleet and network helped it exceed 1,000 Boeing 747 freighter flights at Amsterdam Schiphol Airport and… Read More
WCA and Alibaba.com Collaborate on Cross-border Ecommerce Shipments
WCA Ltd., and Alibaba.com announced they have concluded a cooperation agreement that will see approved WCA member companies integrated into… Read More
Service Launch to Bushehr, Iran
Maersk Line announced that it has expanded its presence in Iran with the addition of the port of Bushehr to… Read More
Court Allows Sale of Hanjin U.S. Assets
Over the protests of creditors, a United States bankruptcy judge in New Jersey yesterday approved the sale of Hanjin Shipping’s… Read More
Industry On-Board with Driverless Trucks
Driverless trucks have been talked about for years but within the last year the concept has come closer to reality…. Read More
Port of Long Beach Trade Dipped in 2016
Slowed by industry headwinds and challenges that included a major customer declaring bankruptcy, the Port of Long Beach still moved… Read More
China Now Enforcing Emissions Regs at 11 Ports
China began enforcing the use of fuel with a maximum sulphur content of 0.5 percent on ships berthing at six… Read More
Four Forces Will Shape Chao’s Tenure as Transportation Secretary
The Senate held confirmation hearings for President-elect Donald Trump’s nominee to head the U.S. Department of Transportation (USDOT), Elaine Chao,… Read More
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