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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.
Port of Lake Charles Surges into Top 10 US Ports for Cargo Handling
The Port of Lake Charles has catapulted into the ranks of the nation’s top 10 busiest ports, according to the… Read More
Malaysia’s Sapangar Bay Container Port to Become Strategic Transshipment Hub
The approval by Malaysia’s federal government for the expansion of Sapangar Bay Container Port marks a significant recognition for the… Read More
CMA CGM Completing Acquisition of NOL
CMA CGM announced last week that it crossed the compulsory acquisition ownership threshold in Neptune Orient Lines Limited (NOL). Following… Read More
LPG Tanker Transits Expanded Panama Canal
The liquefied petroleum gas (LPG) tanker Lycaste Peace, owned by Japanese shipping company Nippon Yusen Kaisha (NYK Line), transited the… Read More
Port Everglades Partners with EPA to Improve Environmental Performance
The U.S. Environmental Protection Agency (EPA) and Port Everglades in Broward County, Florida, have signed a partnership agreement to study… Read More
Drewry Finds Six-Month High for Ocean Carrier Reliability
Ocean carriers achieved a six-month high for liner service reliability in May, according to Drewry Supply Chain Advisors. The on-time… Read More
Inauguration Of Expanded Panama Canal Heralds New Era Of Global Trade
The expanded Panama Canal officially opened for business on June 26. During an official inauguration ceremony, Panamanian President Juan Carlos… Read More
DHS Announces Allocations for Fiscal Year 2016 Preparedness Grants
As part of ongoing efforts to support state, local, tribal, and territorial partners, Secretary of Homeland Security Jeh Johnson today… Read More
Seven Western States Win National Awards for Outstanding Transportation Projects
Seven western state departments of transportation claimed awards in a national competition highlighting excellence in projects that have improved travel… Read More
U.S. Port Communities Could Benefit From VW Settlement
U.S. ports and their surrounding communities stand to benefit from the recent announcement of a partial Volkswagen settlement with the… Read More
UPS Announces Record Investment in France
UPS announced plans to build a new package sorting and delivery facility in Corbeil-Essonnes and Evry, France. The $100 million… Read More
Pharmaceutical Cold Chain Monitoring App Adds Support For Android Devices
Onset, a supplier of data loggers and monitoring solutions, announced that the free InTemp mobile app for the company’s InTemp… Read More
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