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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.
Redefining Smart Ports: The Role of Digital Identity Verification
Smart port technology has been making waves in the maritime industry, promising to revolutionize operations, streamline processes, and enhance overall… Read More
Kenworth Chillicothe Assembly Plant Underway on Major Construction Project
The Kenworth plant in Chillicothe, Ohio, is in the midst of a $17 million project to enhance truck quality and… Read More
Hamburg Süd to Adopt INTTRA eVGM Service
Hamburg Süd, one of the ten largest shipping lines worldwide, and INTTRA, the world’s ocean shipping electronic marketplace, are pleased… Read More
PT. Yusen Logistics Indonesia Launches Air Import Operation at Semarang Airport
PT. Yusen Logistics Indonesia has launched an air import operation at Semarang Airport (Achmad Yani International Airport). Services being provided… Read More
Chinese Investment in New Container Terminal in Panama
The Panama Maritime Authority (AMP) has signed a contract for a new container terminal on the Atlantic side of the… Read More
CaroTrans Adds Direct Busan-to-Atlanta LCL Service
CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, recently announced a new, weekly less-than-containerload (LCL) service… Read More
The Implications of THE Alliance
When four ocean carriers announced the formation of details of the OCEAN Alliance, Drewry predicted that the eight carriers without… Read More
AirBridgeCargo Airlines Launches Weekly Houston-Abu Dhabi Service
AirBridgeCargo Airlines (ABC) introduced a new regular Houston- Abu Dhabi freight service to expand its international network, as of May… Read More
Cybersecurity: A Risk on the High Seas
Cyber technologies have emerged as essential to the operation of maritime cargo vessels. Onboard systems from bridge systems to cargo… Read More
Union Pacific Announces Investments of $283 Million in Rail Infrastructure
The Union Pacific Railroad has announced plans to invest $283.4 million in to improve transportation infrastructures in California, Arkansas and… Read More
U.S. Organization Announces Major Container Weighing Initiative
The Ocean Carrier Equipment Management Association (OCEMA) is working with six major U.S. ports to develop a solution that would… Read More
HMM Hopes to Join THE Alliance
Hyundai Merchant Marine (HMM) was conspicuously left out of a newly formed ocean carrier consortium dubbed THE Alliance. The formation… Read More
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