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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.
Chinese E-Retailers Drive Surge in Air Cargo Prices to the U.S
The escalating popularity of Chinese e-commerce giants like Shein and Temu among American consumers is driving a significant increase in… Read More
Kerry Logistics Completes U.S. Acquisition
Kerry Logistics Network Limited, a Hong Kong-based logistics service provider, recently completed its acquisition of a majority stake in APEX… Read More
Two Alliances Will Upsize Ships Ahead of Panama Canal Expansion
The 9,400-TEU COSCO containership Andronikos will make the first transit of the expanded Panama Canal on June 26, and ahead… Read More
DHL Expands Airfreight Plus Network to Russia and CIS
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has revamped its DHL Airfreight Plus… Read More
The Evolving Role of 3PLs
The list of services provided by 3PLs is constantly evolving. Born as transactional players, 3PLs have morphed into much more…. Read More
Maritime Energy Efficiency Project Forges Ahead
A global train-the-trainer workshop on maritime energy efficiency was help in China in late May, preparing personnel needed to cascade… Read More
New Russian Cargo Airline to Take Off This Summer
Direct-Avia, a Russian newcomer to the air cargo business, will commence flights this summer. The airline will be flying two… Read More
NTSB to Launch Mission to Recover Voyage Data Recorder
The National Transportation Safety Board announced yesterday that it will launch a mission to recover a voyage data recorder that… Read More
One-Billion Dollars for Polar Icebreaker Included in 2017 Defense Appropriations Bill
The Senate Defense Appropriations Subcommittee added $1 billion to fully fund construction of the first U.S. Polar Icebreaker in over… Read More
Modern Terminals Ready for IMO SOLAS Launch
Modern Terminals Limited has confirmed its preparedness for IMO SOLAS Verified Gross Mass (VGM) requirements. The new rules, which require… Read More
Global Companies Unite to Scale Up Sustainable Fuels
Forward-thinking businesses are partnering with the World Business Council for Sustainable Development (WBCSD), the Roundtable for Sustainable Biomaterials (RSB) and… Read More
Air Freight Markets Grow in April
The International Air Transport Association (IATA) released demand growth results for global air freight markets for April 2016 showing a… Read More
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