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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
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
Dropoff Brings Same-Day Delivery to Florida
Dropoff, a company which facilitates on-demand, same-day delivery for businesses, announced its latest expansion with two new cities, Miami and… Read More
Pressure is Mounting on VLGC Rates
A wave of cargo cancellations from the United States is putting additional pressure on the rates of very large gas… Read More
Gulf of Mexico Oil and Gas Operators Back in Business
Offshore oil and gas operators in the Gulf of Mexico have re-boarded platforms and rigs and are restoring production following… Read More
Hanjin Collapse: The Implications for Global Carriers
With Hanjin Shipping filing for court receivership recently, the assumption that major container lines will always find a way to… Read More
What if the Hanjin-Hyundai Deal Doesn’t Go Through?
The way things look now the bankruptcy of Hanjin Shipping will eventually shake out okay, thanks to Hyundai Merchant Marine,… Read More
Saudi-Russian Oil Deal: Behind the Headlines
The headlines on yesterday’s Saudi-Russian oil deal blared that the two petroleum giants may be cutting back on production in… Read More
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