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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
Navigating Global Economic Challenges: UN Report Highlights Concerns and Calls for Multilateral Action
Amidst ongoing economic uncertainties, the latest report from the United Nations Trade and Development (UNCTAD) warns of potential further deceleration… Read More
Escalating Middle East Tensions Trigger Projected Surge in War Risk Premiums and Freight Rates
In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, a container ship linked… Read More
TT Club Sponsors Prestigious Young Supply Chain Resilience Professional Award 2024
TT Club, a leading provider of insurance and risk management services to the international transport and logistics industry, has announced… Read More
Stable Shipping Rates Amid Baltimore Bridge Collapse, but Challenges Loom Ahead
Despite the collapse of the Francis Scott Key Bridge in Baltimore, ocean freight container shipping rates have remained stable, according… Read More
Virginia and Baltimore Companies Unite to Solve Shipping Challenges Post-Bridge Collapse
Following the collapse of the Francis Scott Key bridge in Baltimore, companies from Virginia and Baltimore have banded together to… Read More
Global Trade Magazine Calls for Nominations for Annual Women in Logistics Feature
April 12, 2024 – Global Trade Magazine, a premier publication focused on international trade and logistics, is excited to announce… Read More
New Descartes MacroPoint™ Capabilities Help Combat Fraud in Transportation and Logistics
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced the availability of Descartes MacroPoint™… Read More
EU’s Corporate Sustainability Directive: Promoting Ethical Supply Chains
The European Union’s efforts to instill ethical and sustainable practices within supply chains have reached a significant milestone with the… Read More
Strengthening and Streamlining Terminal Operations: A Smarter Path with Tideworks Technology and Advent eModal
For most people, the shipping industry only pops on their radar after disaster hits. In 2020, the COVID-19 pandemic snarled… Read More
How CPG Brands can Deliver on Supplier Diversity Promises
There are many good reasons for global consumer packaged goods (CPG) brands to have supplier diversity programmes. For one, they… Read More
Global Cargo Theft Trends
In the recently released Annual Cargo Theft Report 2023 by TT Club and BSI SCREEN Intelligence, high inflation emerges as… Read More
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