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.
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
BREAKING NEWS: Hanjin Collapse Disrupting Trade
Hanjin Shipping announced a few days ago that it is seeking court receivership—essentially filing for bankruptcy—after its creditors refused a… Read More
Trek Bikes Streamlines Global Trade Operations with Amber Road Solution
Trek Bikes, a major bicycle and cycling product manufacturer and distributor, has selected its Amber Road’s Trade Automation solution to… Read More
Iran Seeking Participation in Nicaragua Canal
Iranian Foreign Minister Mohammad Javad Zarif has expressed his country’s readiness to be involved in a project to construct a… Read More
Biodiesel Can Burn More Cleanly than Regular Diesel
The Mineta National Transit Research Consortium at San José State University recently released a study on the generation of various… Read More
Modern Technology’s Impact on the Supply Chain
Technology has changed the world that we live in. Its insidious tentacles have pushed their way into every corner of… Read More
South China Sea Ruling: Who’s Taking Sides?
China appears to have lost support for its legal positions in the South China Sea dispute since an arbitration panel in… Read More
Ocean Alliance Stalled by U.S. Federal Maritime Commission
Not so fast, OCEAN Alliance. It was full steam ahead for the four shipping companies planning to join forces by… Read More
Growth in Air Freight Volumes Sluggish for First Half of 2016
Air freight markets posted marginal 0.5-percent growth for the first half of this year on a year-to-date basis. Subdued growth… Read More
Reduced Traffic Through the Port of Vancouver
A softened global economy, the weakened Canadian dollar, and some containerized cargo shifting back to United States ports following an… Read More
SC Ports Authority Handles Largest Container Ship
On Monday evening, the South Carolina Ports Authority welcomed the APL Yangshan, the largest container ship ever to call the… Read More
Indian Port Adopts Innovative Loan Scheme
India’s premier container port, Jawaharlal Nehru Port in Navi Mumbai, has signed an agreement with State Bank of India and… Read More
« Previous 1 … 398 399 400 401 402 … 540 Next »