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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.
EU Sanctions on Russia Delayed by Slovakia
The European Union failed to pass its 18th sanctions package against Russia on Tuesday, as resistance from Slovakia held up… Read More
CMA CGM BENJAMIN FRANKLIN Departed Oakland After Completing Maiden Calls to U.S. Ports
The CMA CGM BENJAMIN FRANKLIN successfully completed its maiden calls to the U.S. by berthing in the Port of Oakland… Read More
FedEx Fell Behind on Christmas Deliveries: Report
With powerful storms pounding parts of the southern U.S. on Christmas Eve and claiming 14 lives in three states, FedEx… Read More
Taiwanese Companies in Multimodal Alliance
China Airlines, Yang Ming Marine Transport Corp., and the state-owned Chunghwa Post Co. have signed a memorandum of understanding to… Read More
BREAKING NEWS: European Commission Unconditionally Approves FedEx Acquisition of TNT
FedEx Corporation and TNT Express have obtained the unconditional approval of the European Commission for the acquisition by FedEx of… Read More
First Export Load From Gulf Coast of U.S. Crude Loaded
A 600,000 barrel cargo of domestic light crude oil was loaded at the Enterprise Hydrocarbon Terminal (EHT) on the Houston… Read More
Exports to Myanmar Eased by U.S.
In December, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a six-month general license authorizing certain… Read More
Lake Charles LNG Project Receives FERC approval
A Lake Charles, Louisiana, liquefied natural gas export project has received approval from the U.S. Federal Energy Regulatory Commission (FERC)…. Read More
Hueneme Commits to Green Marine Certification Program
The Port of Hueneme has signed on as a participant in Green Marine, the largest voluntary environmental certification program for… Read More
Action on Cross-Border Parcel Delivery Needed to Boost European Online Shopping
A study published by the European Commission shows that crossborder parcel prices for national postal operators are almost five times… Read More
Selling Logistics in a Digital World
Technology and automation are not only helping today’s logistics companies gain momentum in their operations, they are also changing the… Read More
Economic Integration of ASEAN Countries Fosters New Logistics Expansion Plans in Thailand
The logistics industry, along with trade expansion and foreign capital inflows, are quickening the pace of Thailand’s economic growth, according… Read More
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