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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.
Gather AI Secures $17 Million Investment to Revolutionize Warehouse Management with AI-Driven Solutions
Gather AI, a leading provider of advanced computer vision and AI-powered inventory monitoring solutions for warehouses, has announced a successful… Read More
Latest Airline Survey Shows Mixed Bag
The latest quarterly survey of airline CFOs and heads of cargo points to further year-on-year gains in profitability during the… Read More
Panalpina Expands LCL Ocean Freight Offering
Panalpina, one of the world’s leading less-than-containerload service providers, has expanded its offerings in Asia, the Middle East, and Europe…. Read More
Etihad Cargo Expanding Mideast Network
Etihad Cargo, the freight division of the national carrier Etihad Airways, has expanded its Middle East network to Kuwait by… Read More
Virgin Atlantic Cargo’s Renewed Chicago Service Supports Strong U.S. Midwest Demand
Customers doing business in the U.S. midwest market have a wider choice of services this summer with the re-introduction of… Read More
Volga-Dnepr Group and Sheremetyevo Airport Join Forces
Volga-Dnepr Group and Moscow’s Sheremetyevo International Airport have signed a long-term cooperation agreement to develop a cargo hub at the… Read More
PACAVI Confirms First Orders for Converted Freighters
PACAVI Group reported on the progress of the company’s first-to-market Airbus A320/A321 passenger-to-freighter (P2F) conversion program, confirming first orders for… Read More
U.S. Proposes New Performance Measures to Reduce Highway Congestion
The U.S. Department of Transportation’s Federal Highway Administration (FHWA) recently released a proposed rulemaking outlining new performance measures to assess… Read More
FMC Briefed on Supply Chain Innovation Team Launch
Federal Maritime Commissioner Rebecca Dye recently briefed her fellow commissioners on the upcoming May 3 launch of the FMC’s Supply… Read More
CMA CGM Develops New Generation of Containers
The CMA CGM Group recently launched AQUAVIVA, a new generation of containers which allows for the safe carriage of live… Read More
Brussels Airport Launches Air Cargo Belgium
Air Cargo Belgium (ACB), the new air cargo community organization at Brussels airport, recently had its official launch. The new… Read More
Bahri Liner and Rickmers-Linie in Space Charter Agreement
Rickmers-Linie, the Hamburg based specialist for project and heavy lift liner services and the National Shipping Company of Saudi Arabia… Read More
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