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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
ZIM Announces Upgraded Lines Structure
In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its… Read More
Vehicle Automation and Carbon Emissions
A recent report from the Center for American Progress, a liberal Washington think tank, discussed the implications of autonmous vehicles… Read More
Recommendations for Investments in Competitiveness
North America has become more integrated, more efficient, more productive, and more competitive over the past 25 years. The North… Read More
Tradeshift Launches Joint Ventures in China
Tradeshift, a business commerce platform, has announced two new joint ventures in China to connect millions of trading partners, digitalize… Read More
Expanded Panama Canal Welcomes Largest Capacity Vessel To Date
The Panama Canal welcomed yesterday the largest capacity vessel to-date to transit the expanded locks—Hapag-Lloyd’s Valparaiso Express. The 10,589 TEU… Read More
Top 10 U.S. Counties for Cargo Theft Incidents Revealed
The top 10 U.S. counties where cargo theft incidents are reported was topped by Los Angeles County, with 329 thefts… Read More
Ground Breaking for New ExpressRail Port Jersey Facility
GCT USA and the Port Authority of New York and New Jersey broke ground earlier this week for the ExpressRail… Read More
CMA CGM: Has the NOL Acquisition Come at a Heavy Price?
“In 2016, most probably, none of the 20 top companies will be profitable, consolidation will continue because small shipping lines… Read More
Massive Decline in Arctic Sea Ice, Snow
A new report shows that unprecedented warming air temperature in 2016 over the Arctic contributed to a record-breaking delay in… Read More
Port Manatee Opens Expanded South Gate
Offering enhanced capabilities for movement of oversized cargo, Port Manatee’s newly expanded south gate complex is now open. A ribbon-cutting… Read More
American Airlines to Increase Cargo Capacity with Boeing 787-9
American Airlines launched its international Boeing 787-9 service between Dallas/Fort Worth (DFW) and Madrid Barajas (MAD) in Spain, offering cargo… Read More
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