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.
China Denounces U.S. Probe into Shipbuilding Industry as Unfair Accusation
Chinese authorities have strongly criticized the United States’ recent investigation into China’s shipbuilding industry, labeling it as a misguided move…. Read More
Acquisition to Integrate Frac Supply Chain
U.S. Silica Holdings, Inc. announced today that it has entered into a definitive agreement to acquire Sandbox Enterprises LLC, a… Read More
Dropoff Brings Same-Day Delivery to Florida
Dropoff, a company which facilitates on-demand, same-day delivery for businesses, announced its latest expansion with two new cities, Miami and… Read More
Pressure is Mounting on VLGC Rates
A wave of cargo cancellations from the United States is putting additional pressure on the rates of very large gas… Read More
Gulf of Mexico Oil and Gas Operators Back in Business
Offshore oil and gas operators in the Gulf of Mexico have re-boarded platforms and rigs and are restoring production following… Read More
Hanjin Collapse: The Implications for Global Carriers
With Hanjin Shipping filing for court receivership recently, the assumption that major container lines will always find a way to… Read More
What if the Hanjin-Hyundai Deal Doesn’t Go Through?
The way things look now the bankruptcy of Hanjin Shipping will eventually shake out okay, thanks to Hyundai Merchant Marine,… Read More
Saudi-Russian Oil Deal: Behind the Headlines
The headlines on yesterday’s Saudi-Russian oil deal blared that the two petroleum giants may be cutting back on production in… Read More
Post Mortem: Autopsy of a Dead Coal Port Deal
A sketchy deal that would have led to construction of a new seaside terminal in Oakland, California, to export coal… Read More
UPS Breaks Ground on Louisville Centennial Hub Expansion
Bulldozers have started moving earth on UPS’s latest expansion project last month. The company’s $300 million investment will triple the… Read More
Accenture Releases Enhanced Ocean Cargo Pricing Software
Accenture has released a new version of the Accenture Ocean Cargo Software designed to improve billing accuracy and consistency through… Read More
Ocean Container Spot Rates Skyrocketing
Spot container freight rates on the major routes from Asia soared by up to 42 percent today following the collapse… Read More
« Previous 1 … 394 395 396 397 398 … 538 Next »