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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.
US and Iran Announce Agreement to Reopen Strait of Hormuz
The United States and Iran have declared a pact designed to conclude several months of hostilities and clear the path… Read More
2M Or Not 2M?
OPINIONS SPLIT ON WHAT CHANGES CARRIER MEGA-ALLIANCES WILL DELIVER FOR SUPPLY CHAINS With the recent launch of a pair of… Read More
South Carolina Ports See Double-Digit Container Growth
The Port of Charleston generated double-digit container volume gains in March, reporting 14.3-percent fiscal-year-to-date growth of twenty-foot equivalent units (TEU)… Read More
Port of Savannah to Begin Dredging; Largest Ship Makes Maiden Call
The lengthy effort to begin the long-awaited dredging of the Port of Savannah’s Outer Harbor has borne fruit with the… Read More
Lufthansa Cargo CEO Discusses Air Freight Industry
Lufthansa Cargo which asserted its position as the biggest cargo carrier on the North Atlantic route, has also been looking at other regions, particularly Asia which is the fastest growing market for cargo traffic.
Container Carrier Hapag Lloyd Quits the Port of Portland
Hapag Lloyd, the German-flag ocean carrier, is terminating all container service through the Port of Portland with the company no… Read More
As Freight-Rail Rates Rise, Overhauls Proposed
A large group of national trade associations representing manufacturers, farmers and energy producers have joined together to form a new… Read More
Ports of Long Beach and Los Angeles Collaborate On Improvements
Top executives from the ports of Long Beach and Los Angeles have met to launch a cooperative effort to focus… Read More
Indiana Toll Road Acquired by Australian Fund-Management Firm
Australia’s IFM Investors has agreed to pay $5.73 billion to buy the bankrupt U.S. operator of the Indiana Toll Road (ITR), a 157-mile,… Read More
Port of Oakland Plans Global Trade & Logistics Center
The Port of Oakland has unveiled plans for a massive Global Trade & Logistics Center on the site of a… Read More
L.A., Long Beach Ports Promise “Normalcy” In Three Months
Tuesday marked the first day, in a long time, that the number of ships anchored just off the ports of… Read More
JAXPORT Does Some Heavy Lifting
The Port of Jacksonville (JAXPORT) has seen a pair of major developments that highlight its position as a niche port… Read More
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