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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.
Driving Business Efficiency Through Supply Chain Visibility
In a dynamic business landscape, supply chain efficiency is pivotal to an enterprise’s success. Organizations will increasingly look to leverage… Read More
Adjusting to Lighter Shipments, Higher Frequencies
Rapidly evolving consumer trends are forcing a reshaping of inventory management operations. Physical stores are being incrementally supplemented by online… Read More
U.S. Logistics Costs Decelerated in 2015
U.S. business logistics costs rose to $1.48 trillion in 2015, a 2.6 percent increase from previous year. This which represents… Read More
AirMap and Lufthansa Systems Partner to Deliver Airspace Intelligence to Drone Operators
AirMap, a provider of airspace information and services for unmanned aircraft, and Lufthansa Systems, the international airline IT provider, are… Read More
AirBridgeCargo Reports 31-Percent Tonnage Surge For First Five Months of 2016
AirBridgeCargo Airlines (ABC) is reporting a 31-percent year-on-year increase in tonnage for both the month of May 2016 and for… Read More
FMC Chair Urges Ocean Carriers to Accept ‘Straight Line’ to VGM Compliance
With the implementation date for new container weighing requirements around the corner, Mario Cordero, chairman of the Federal Maritime Commission,… Read More
Groups Call for Federal Investigation of Utah Plan to Finance Oakland Coal Export Terminal
Conservation, health, and good government groups are calling for U.S. Attorney General Loretta Lynch to investigate alleged legal and ethical… Read More
South Carolina Ports Authority’s Announces SOLAS Approach
The South Carolina Ports Authority filed a rule in its Marine Terminal Operating Schedule (MTOS) outlining its process for adherence… Read More
World Bank Report: Least Developed Countries Lag in Logistics Progress
Progress in logistics performance has slowed for the first time since 2007 for the world’s least developed economies, while emerging… Read More
Philadelphia Port Conducts Mexican Inbound Trade Mission
The Philadelphia Regional Port Authority (PRPA) is enjoying positive developments and generating useful leads as a result of its recent… Read More
FAA Finalizes Drone Rules
The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems, also… Read More
Maersk Will Reshuffle Vessels and Services as Part of Panama Canal Strategy
The inauguration of the expanded Panama Canal will prompt an increase in vessels and services by the world’s largest container… Read More
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