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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.
Rhine River Reopens for Cargo Shipping After Flooding
Cargo shipping on the Rhine River in south Germany resumed on Friday following a closure due to high water levels… Read More
SC Ports Celebrates Graduation of 31 Port Ambassadors
South Carolina Ports recently celebrated the graduation of 31 professionals from the 2023-2024 Port Ambassador program. These participants, hailing from… Read More
How Supply Chain Issues Contribute To Inflation
Escalating tensions in the Middle East increased prospects of renewed supply chain disruptions following Hamas’ surprise attack on Israel and… Read More
Environmental Groups Push for Decarbonization of Maritime Shipping to Combat Pollution
Environmental advocates are urging President Joe Biden to sign an executive order to decarbonize maritime shipping at ports in Virginia… Read More
The Future Of Delivery Management
Customers today expect nothing less than seamless and accurate delivery services. Hence, businesses are continuously seeking ways to enhance their delivery… Read More
A Strong Start to Shipping Shows Resilience on the St. Lawrence Seaway
Early tonnage reports for the 66th navigation season on the St. Lawrence Seaway indicate a robust beginning, showcasing the resilience,… Read More
Increasing Insurance Risks for Marine Shipping
Marine insurance, hull and cargo specifically, is one of the oldest forms of insurance according to researchers and industry professionals… Read More
Ocean Freight Container Rates Soar Amid Global Supply Chain Disruptions
Ocean freight container shipping spot rates are set to surpass levels seen during the peak of the Red Sea crisis,… Read More
Squeezing Suppliers Must Not Replace Shrinkflation
As France orders retailers to display shrinkflation, HICX’s CEO and supplier expert, Costas Xyloyiannis, warns manufacturers seeking alternative cost-cutting ways… Read More
What Should Lumber Supply Chain Professionals Know About the FSC?
Lumber supply chain professionals have a significant responsibility to deliver quality wood products to consumers worldwide. Many mandatory regulations need… Read More
Why Sustainable Cold Chains Are the Future of Global Food Transport
Global food transport is a significant problem. And no, that problem isn’t necessarily fragmentation, although supply chain fragmentation has caused… Read More
Why Now is an Excellent Time to Switch to Sustainable Logistics Practice
The best time to plant a tree was 20 years ago. The second best time is now. The same is… Read More
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