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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.
Baltimore Port Progress: Clearing Path for Vessel Traffic After Bridge Collapse
Significant strides have been made in clearing a major obstruction in the Port of Baltimore, as announced by the U.S…. Read More
THE Alliance Became Effective December 19
The Federal Maritime Commission (FMC) has concluded its review of the proposed THE Alliance agreement (FMC Agreement No. 012439), allowing… Read More
Expanded Panama Canal Welcomes its 500th Neopanamax Transit
Less than six months after the inauguration of the expanded Panama Canal, the waterway welcomed its 500th transit of a… Read More
Another Hanjin?
Rickmers Maritime Trust moved closer to liquidation last week, as its bondholders rejected a financial restructuring that might have saved… Read More
Morrison Express Offering FTZ Expertise in El Paso
Morrison Express, a global logistics, transportation, and supply chain management provider, is expanding its offering in El Paso, Texas, providing… Read More
Mineta Transportation Institute Secures $10.5 Million in Grants
The Mineta National Transportation Research Consortium (MNTRC), led by the Mineta Transportation Institute at San José State University (SJSU), was… Read More
UNCTAD Port Data Project Gathers Steam
UNCTAD’s port data project is gathering steam, with 13 new ports signing on in November 2016. This brings the total… Read More
American Airlines Cargo Transports Priceless Art To Hong Kong
American Airlines Cargo safely delivered more than 3,000 pounds of priceless artifacts belonging to the Kinsey African American Art and… Read More
Maersk Line, MSC, and HMM Enter Strategic Cooperation
At one time, there was a plan for Hyundai Merchant Marine to join Maersk Line and Mediterranean Shipping Company (MSC)… 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
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