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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.
Essential Guidelines for US Freight Forwarders
In a bid to clarify export compliance responsibilities, the Bureau of Industry and Security (BIS) has recently issued comprehensive guidance… 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
Hapag-Lloyd Recognized for Customer Service and Data Quality
The GT Nexus Shipper Council, a community group of supply chain executives representing large global enterprises, has recognized Hapag-Lloyd, one… Read More
Crowley Awarded Contract to Supply LNG
Crowley Maritime Corp.’s liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply containerized LNG from… Read More
BREAKING NEWS: Hyundai Merchant Marine Taking Over Hanjin Shipping
Hyundai Merchant Marine will be buying some of the assets of Hanjin Shipping, Korea Business is reporting. The carrier’s creditors… Read More
Matson Orders Two New Con-Ro Ships For Hawaii Service
Matson Navigation Company has signed a contract with General Dynamics NASSCO to build two new combination container and roll-on/roll-off (con-ro)… Read More
T. Rex Flew KLM Chicago to Amsterdam
A 66 million-year-old Tyrannosaurus rex fossil flew from Chicago’s O’Hare International Airport to the Netherlands on KLM Royal Dutch Airlines… Read More
Vertical Commerce: How the Next Generation of Retail Will be Built
There’s a new term picking up steam to describe a kind of company we’ve all become familiar with — think Warby Parker,… Read More
APM Terminals to Invest in Port Elizabeth
APM Terminals’ Port Elizabeth facility will receive an investment of some $70 million to expand its current capacity. The expansion… Read More
Retailers Want Federal Action to Prevent Cargo Disruptions
In a letter sent yesterday, the Retail Industry Leaders Association (RILA) urged action in response to the bankruptcy of Hanjin,… Read More
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