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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.
Building Resilient Supply Chains through Collaboration and Digital Connections
Collaboration and communication are increasingly important for effective continuity planning and business development in a complex and uncertain global supply… Read More
Energy Department Awards Wave and Tidal Energy Projects
The United States Department of Energy has announced that ten organizations have been selected to receive more than $20 million… Read More
The Hidden Risks of Supply Chain Balancing
An ultra-time sensitive trans-European project completed by Evolution Time Critical highlights the risks associated with the increasingly common trend of… Read More
Hyundai Forming Mini Alliance to Cover for Hanjin Shipping
Hyundai Merchant Marine will be forming a vessel-sharing alliance with three South Korean mid-sized container carriers to fill in for… Read More
Maher Terminals Brought to FMC Over Hanjin Cargo
Two members of the National Customs Brokers & Forwarders Association of America (NCBFAA) have filed complaints with the Federal Maritime… 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
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