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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.
Global Trade set to Reach new High, with Opportunities and Challenges for Developing Economies in 2025
World trade is on track to hit a record $33 trillion in 2024, but risks of expanded trade wars and… Read More
Frustration With White House Port Labor Inaction
Los Angeles, CA – More than 160 associations and industry groups have addressed another letter to President Barack Obama “expressing… Read More
CSX Opens New Canadian Intermodal Terminal
Jacksonville, FL – Rail carrier CSX has opened a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, Quebec, Canada. The facility expands CSX’s… Read More
China Proposes Three New Foreign Trade Zones
Los Angeles, CA – Beijing has announced its given the go-ahead to the construction of three new foreign trade zones… Read More
Pressure Builds on White House to Take Port Action
Los Angeles, CA – Pressure is building on the White House to appoint a federal mediator to broker a new… Read More
Livingston International Launches New Cross-Border Trade App
Toronto, Canada – Truck drivers delivering commercial shipments across the Canada-U.S. border have a new ally to reduce their wait… Read More
Holiday Imports Decline as Port Issues Linger
Los Angeles – Import cargo volume at the nation’s major retail container ports is expected to continue to slow down… Read More
New Logistics Study Highlights Decline of Outsourcing
Los Angeles, CA – The relocation of manufacturing and product sourcing to emerging economies is no longer the gold standard… Read More
Florida East Coast Railway Acquires New GE Locomotives
Jacksonville, FL – The Florida East Coast Railway (FECR) has completed the inaugural run of its first two new GE… Read More
Port Slowdown Dulls Washington Apple Exports
Los Angeles, CA – The export of one of the Pacific Northwest’s staple agricultural products – apples – has been… Read More
World’s Largest Containership Launched in Korea
Los Angeles, CA – The world’s largest containership – the CSCL Globe – has been launched in South Korea for… Read More
UPS to Invest $2B in Europe, Asia and the Americas
Atlanta, GA – UPS has committed to investing $2 billion over the next five years in an expansion to its… Read More
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