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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.
Role of Packaging in Supplement and Nutrition Industry
The supplement and nutrition packaging market are a section in the industry that focuses on designing packaging materials exclusively for dietary supplements… Read More
Enhancing Supply Chain Security Between the U.S. and EU
The Swiss Arviem AG and the American Powers International LLC announced a partnership to verify cargo and monitor its movement… Read More
Shipping Lines Slowing Down in Santa Barbara Channel
The partners in an initiative to cut air pollution and protect whales announced today that 10 shipping companies are participating… Read More
Design Contest Winner Could Save Trucking Industry Billions in Fuel Costs
Hyliion of Pittsburgh, PA, developer of a hybrid electric technology for semi-trailers, has been awarded a grand prize of $20,000… Read More
Bombardier and China Railway Rolling Stock in Strategic Agreement
Bombardier Transportation and China Railway Rolling Stock Corporation (CRRC), have signed a strategic agreement to expand and deepen their relationship…. Read More
COSCON Joins eVGM Network
COSCO Container Lines, Asia’s largest containership operator, and INTTRA, the world’s ocean shipping electronic marketplace, announced that COSCON has adopted… Read More
FMC Collects $338,000 In Penalty Payments
The Federal Maritime Commission has completed compromise agreements recovering a total of $338,000 in civil penalties. The agreements were reached… Read More
Charleston Harbor Deepening Project Progresses
The passage last week of H.5303, the Water Resources Development Act (WRDA) of 2016, by the U.S. House of Representatives,… Read More
Only Modest Growth in Air Cargo Forecast
Global air cargo volumes are expected to increase modestly—at an average annual rate of around 2.4 percent—to 2025. That was… Read More
Moody’s Places Maersk’s Credit Rating on Review
Moody’s Investors Service has today placed on review for downgrade the Baa1 issuer rating of Denmark-based shipping and oil company… Read More
Hyundai Merchant Marine Adopts INTTRA’s eVGM Solution
Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world’s ocean shipping electronic marketplace, by adopting the… Read More
Agility joins Maersk Line Carbon Pact
Agility Logistics, a global logistics provider, signed an agreement with Maersk Line, to cut CO2 emissions by 15 percent per… Read More
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