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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.
Building Resilient Supply Chains through Collaboration and Digital Connections
Collaboration and communication are increasingly important for effective continuity planning and business development in a complex and uncertain global supply… Read More
Prophet Systems to Integrate INTTRA
INTTRA, the world’s ocean shipping electronic marketplace, and Prophet Systems, the leading producer of software solutions for the perishable food… Read More
Global Air Freight Market Growth Will Rise Through 2021
The global air freight sector has shown varied growth and declines between 2012 and 2016, registering an overall compound annual… Read More
3D Printing to Disrupt Manufacturing Techniques
DHL has been testing a variety of both 3D printing hardware and techniques for several years and has identified applications… Read More
Logistics Plus Acquires DoorLogistics
Logistics Plus Inc., a worldwide provider of transportation, logistics and supply chain solutions, has acquired the DoorLogistics service of SynchroNet… Read More
NYK Establishes Logistics Company for Finished Cars in Vietnam
NYK has signed a joint-venture agreement with Vietnam Ocean Shipping Agency Corporation (VOSA) to establish NYK Auto Logistics (Vietnam) (NALV),… Read More
Mediterranean Shipping Company to Take Over Long Beach’s Largest Terminal
After several twists and turns, a subsidiary of Mediterranean Shipping Company has been approved to take over sole control of… Read More
Port Everglades Authorized to Deepen and Widen Channels
The passage and signing of the Water Infrastructure Improvements for the Nation Act has had immediate ramifications for Port Everglades,… Read More
Ship Engineers Receive Prison Sentences
Cassius Samson, 52, and Rustico Ignacio, 66, both of the Philippines, were sentenced today by a U.S. District Judge in… Read More
Hactl Picking Up European, South Asian Business
Hong Kong Air Cargo Terminals Ltd (Hactl) has picked up two new significant pieces of business in recent days. Hactl… 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
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