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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.
Supply Chain: Challenges and Key Solutions
No business can exist without a supply chain! Supply chains are the nerves of the business ecosystem. Supply chains are… Read More
U.S. Consumer Spending Rises, Inventories Drop
Consumers and businesses seemed to be moving in opposite directions according to U.S. economic numbers in the second quarter. While… Read More
August Jobs Report: Transportation Up, Manufacturing Down
The good news: The U.S. economy added 151,000 jobs in August. The bad news: That number fell short of economic… Read More
Demand for Air Cargo Strengthens in July
The International Air Transport Association (IATA) released data for global air freight markets in July 2016 showing robust growth in… Read More
C.H. Robinson Acquires APC Logistics
C.H. Robinson has agreed to acquire APC Logistics, a leading provider of freight forwarding and customs brokerage services in Australia… Read More
WSS Suez Canal Team Cuts Costs and Confusion
Wilhelmsen Ships Service (WSS) has established a dedicated local transit team to help its customers negotiate the Suez Canal and… Read More
BREAKING NEWS: Hanjin Shipping–$14 Billion in Cargo Drifting at Sea
The financial collapse of Hanjin Shipping has left an estimated $14 billion worth of cargo stranded at sea, the Wall… Read More
Morrison Express Launches Rickenbacker Service Offering
Morrison Express, a global logistics, transportation, and supply chain management provider, announced the launch of a new service at the… Read More
Hanjin Blues: A Different Ocean Freight Market Now?
We’re a few business days past the Hanjin bankruptcy and the shipping market has changed 180 degrees. The ramifications extend… Read More
Liner Trade Growth a Rarity in Current Environment
Growth in container shipping is becoming a rare commodity. Global port throughput only increased by one percent in 2015 (the… Read More
Ecommerce Drives Record Demand for U.S. Big-Box Space
Colliers International Group Inc. has released its Industrial Logistics & Transportation Solutions 2016 Mid-Year Outlook – Big-Box Market Report, examining… 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
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