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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.
Beyond the Checklist: The New Era of Digital Compliance in Logistics
Compliance used to be a box you checked. Now, it’s a mirror – reflecting how well your operation runs, how… Read More
Four Port Operators Prequalified for Panama Canal’s Corozal Port
The Panama Canal Authority has announced that four port operators were prequalified during the request for qualifications (RFQ) process for… Read More
FMC’s Supply Chain Innovation Teams Launched
The Federal Maritime Commission’s Supply Chain Innovation Team Initiative, led by Commissioner Rebecca F. Dye, was launched earlier this week… Read More
UK Will Enforce SOLAS Regs With ‘Light Touch,’ At First
The UK Maritime and Coastguard Agency (MCA) has stated it would enforce the new SOLAS regulations with a “light touch”… Read More
BREAKING NEWS: Atlas Air Worldwide to Provide Amazon Air Transport Services
Atlas Air Worldwide Holdings, Inc. (AAWW) announced today that it will provide air cargo services to support Amazon’s package deliveries… Read More
European Commission Approves Merger Between CMA CGM and NOL
The European Commission has cleared the proposed acquisition of Singapore’s Neptune Oriental Lines (NOL) by CMA CGM, a French shipping… Read More
Pain of Current Container Market Extends Beyond Carriers
Much of the focus on the recent slump in the container shipping market has focused on the bottom lines of… Read More
Aviation: Are Cuba and Iran Really Open for Business?
U.S. foreign policy is moving fast these days, especially when it comes to sanctions and the aviation industry. While U.S…. Read More
Before it Hits the Shelves: A Flexible Way to Transport Agricultural Oil
Food is one of the most essential ingredients to a person’s well-being. When we step into a grocery store, we… Read More
China COSCO Shipping Wins Draw to be First to Transit Expanded Panama Canal
China COSCO Shipping has won the draw for the first transit through the expanded Panama Canal during the waterway’s inauguration… Read More
Roadrunner Transportation Systems Expands Outbound Service from Vancouver
Roadrunner Transportation Systems, Inc. today announced the expansion of its less-than-truckload service to include outbound service from Vancouver, British Columbia,… Read More
Columbia River Coal Export Terminal Would Have ‘Huge Impacts’
The Washington Department of Ecology recently released a draft Environmental Impact Statement (DEIS) on Millennium Bulk Terminal’s proposed coal export… Read More
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