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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
Kuehne + Nagel Logistics Partner for Michelin in Poland
Kuehne + Nagel Poland signed an agreement with Michelin, one of the largest tire manufacturers in the world, to manage… Read More
Rickmers to Demolish $60 Million Vessel
The India Rickmers is headed for the scrap heap of maritime history. In a move emblematic of the pain ship… Read More
European Commission Approves Merger Between Hapag-Lloyd and UASC
The European Commission has cleared the proposed acquisition of United Arab Shipping Company (UASC) by Hapag-Lloyd under the EU Merger… Read More
Could 2017 Be The Year of Automation in the Supply Chain?
Way back in 2012, Tacocopter—a Silicon Valley startup—came up with a simple but powerful idea: automated taco delivery. Rather than… Read More
AirBridgeCargo Receives IATA CEIV Certificate
AirBridgeCargo Airlines (ABC) has become the first airline in Russia and the seventh in the world to be awarded IATA’s… Read More
New Container Terminal at Port of Montreal
Investments made by the Government of Canada and the Montréal Port Authority to enhance the Port of Montréal’s infrastructure will… Read More
Tema Port Expansion Underway in Ghana
A public-private partnership between the Ghana Ports and Harbours Authority (GPHA) and Meridian Ports Services (MPS), involves an upgrade and… Read More
UPDATED: U.S. Congress Passes Water Resources Bill
The United States Congress passed a new water resources bill over the weekend. The House of Representatives passed a final… Read More
Businesses Ask FMC to Address Fees
A coalition representing retailers, manufacturers, truckers, transportation intermediaries, and other business groups asked the Federal Maritime Commission last week to… Read More
Drone Solution for Warehouse Inventory
Geodis and Delta Drone have delivered the prototype of a drone that can be used in warehouses to manage inventory…. Read More
Port of Virginia: November Cargo Volumes Strong
With peak season nearing its close, The Port of Virginia in November handled 236,155 TEUs making it the second-busiest month… Read More
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