Looking for the latest news on global logistics and supply chain management? Get inside information on global shipping, warehousing, and foreign trade.
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.
UNCTAD: Global Trade Expected to Rebound in 2024 Amid Geopolitical Uncertainties
The United Nations Conference on Trade and Development (UNCTAD) forecasts a rebound in global trade, expecting it to hover around… Read More
Supporting Legislation on Investment of California Cap & Trade Funds
CALSTART, a consortium of clean transportation technology companies, is urging the legislature to support quick passage of legislation that would… Read More
Singapore’s SATS Enters Saudi Arabian Cargo Market
SATS Ltd., Asia’s leading provider of food solutions and gateway services becomes the first international cargo handler to win a… Read More
First B2B Marketplace in Asia for Excess Inventory
With several hundred billions of dollars of overcapacity afflicting the industrial economy, eig88.com serves as a full-fledged marketplace connecting merchants… Read More
China’s Unique Logistics Story: The Silk Road on Rails
One of the biggest logistics stories coming out of China these days has been the launching of the Silk Road… Read More
Loadsmart Moves First Fully Automated Truckload Shipment
Loadsmart, the logistics technology company specializing in full truckload shipping, announced it has moved its first fully automated shipment from… Read More
Container Carriers Still Practicing Predatory Pricing
The latest news from the container shipping world should be considered relatively good news for the shipping lines, yet the… Read More
Shifting Into High Gear With Clean Transportation Technologies
A new report from CALSTART, a nonprofit focused the clean transportation technology industry, indicates that California’s climate and energy policies… Read More
Quick Expands Global Healthcare Logistics Services
Quick Specialized Healthcare Logistics has expanded its specialized domestic and international personalized medicine logistics capabilities to meet the changing needs… Read More
El Faro Voyage Data Recorder: 26 Hours of Information Recovered
The National Transportation Safety Board announced yesterday the convening of a voyage data recorder group to develop a detailed transcript… Read More
Atlas Air Worldwide Announces New Contract with FedEx
Atlas Air Worldwide Holdings, Inc. announced yesterday that it has entered into a five-year agreement with FedEx Express to provide… Read More
NIKE in Strategic Partnership for Apparel Manufacturing in the Americas
NIKE, Inc. and Apollo Global Management have entered into a strategic partnership regarding the apparel supply chain in the Americas…. Read More
« Previous 1 … 392 393 394 395 396 … 533 Next »