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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
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
Toyota Material Handling Announces $100M Expansion to Boost Electric Forklift Production in North America
Toyota Material Handling, a leader in material handling solutions, celebrated a significant milestone with the groundbreaking of a new 295,000-square-foot… Read More
Ivalua and Visa Partner to Unlock Supply Chain Capital and Enhance Payment Efficiency
Ivalua, a global leader in spend management, has announced a strategic collaboration with Visa, a world leader in digital payments…. Read More
Safety First: Best Practices for Heavy Hauling Operations
Introduction to Heavy Hauling Safety Heavy hauling, the transportation of oversized and overweight cargo, is a vital industry that keeps… Read More
Major Freight Infrastructure Investments Set to Generate $10 Billion Economic Boost for St. Louis Region
Investment in infrastructure is critical to sustaining a prosperous region and ensuring efficient freight movement across the St. Louis area,… Read More
Freight Rates Are Ballooning to Pandemic Highs
Just as peak shipping season begins, a container capacity crunch could push rates to higher levels than previously seen with… Read More
Creating a More Agile Supply Chain Can Help Organizations Remain Afloat During Disruptions
Research from the McKinsey Global Institute found that industries across the country experience supply chain disruptions lasting at least one… Read More
AI Prompts that Can Take Your Logistics Game to the Next Level
Approximately 54% of logistics and supply chain companies have implemented AI into their operating processes, and around 37% of companies are using… Read More
Complete Decoupling from China in Supply Chains Is Unfeasible
Post-Pandemic Supply Chain Realities In the wake of the COVID-19 pandemic, the era of seamless supply chains has ended, necessitating… Read More
UNCTAD Advocates for Resilient Global Supply Chains Amid Trade Disruptions
The inaugural United Nations Global Supply Chain Forum, organized by UN Trade and Development (UNCTAD) and the Government of Barbados,… Read More
Revolutionizing Supply Chain Risk Management with Real-Time Disruption Alerts
John Galt Solutions, a global leader in automating supply chain planning, has announced a strategic partnership with Resilinc, the premier… Read More
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