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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.
Redwood Logistics and American Tire Distributors to Showcase Innovative Supply Chain Orchestration at Gartner Symposium
Redwood Logistics, a leading fourth-party logistics (4PL) provider in North America, is set to sponsor the highly anticipated 2024 Gartner… Read More
Top Import Markets for Forklift Truck and Industrial Works Truck
When it comes to importing forklift trucks and industrial works trucks, certain countries stand out as key players in the… Read More
Charting a Course for Sustainable Global Trade: UNCTAD’s Inaugural Global Supply Chain Forum
Amidst a backdrop of unprecedented global challenges, the inaugural Global Supply Chain Forum (GSCF) 2024 promises to be a pivotal… Read More
Hapag-Lloyd CEO is Bullish on the Second Half of 2024
Many continue to be bearish in 2024, but Hapag-Lloyd CEO Rolf Habben Jansen is bullish on demand in the second… Read More
Unraveling the Illusions: Assessing the U.S.-China Trade War
In the realm of U.S. politics, the narrative of leveraging trade war tactics against China persists, championed both by the… Read More
Robotic Process Automation Market to Reach US$ 26.5 Billion by 2033
The global demand for robotic process automation market is expected to reach $3.2 billion by 2023. Forecasts anticipate that by the end of 2033,… Read More
Contaminated Fuel Speculation and the Insurance Fall-Out from the Baltimore Bridge Crash
One of the factors investigators are looking into surrounding the Dali cargo ship crash into the Francis Scott Key Bridge… Read More
How The Red Sea Disruption Is Affecting Industry
With several big shipping companies diverting their routes away from the Red Sea due to current conflicts, the delivery of… Read More
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
A US Manufacturing Flex-Work Model Gains Traction
US manufacturing firms are turning to flexible, employee-driven scheduling as the supply of would-be workers is drying up. Most manufacturing… Read More
UNCTAD: Global Trade Expected to Rebound in 2024 Amid Geopolitical Uncertainties
The United Nations Conference on Trade and Development (UNCTAD) forecasts a rebound in global trade, expecting it to hover around… Read More
Procurement Leaders Lagging Behind on Sustainability Integration, Sedex Study Finds
A recent study conducted by Sedex, a prominent provider of supply chain sustainability solutions, sheds light on a concerning trend… Read More
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