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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
Managing Risk With Trade Compliance In Global Supply Chains
When we view the risks associated with global supply chain management, trade compliance stands out as an area often misunderstood,… Read More
BritishAmerican Business Unveils Comprehensive Guide to U.S. Expansion for UK Companies
BritishAmerican Business (BAB) has launched the latest edition of its annual Trade and Investment Guide, a key resource designed to… Read More
How A Canadian Rail Strike Could Impact Freight Markets
Domestic and cross-border freight markets remain in limbo as the threat of a Canadian rail workers strike looms large over… Read More
May 2024 U.S. Containerized Imports Break 2.3M TEUs
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, released its June Global Shipping Report for logistics… Read More
Resilience and Recovery: How Product Rework Experts Sustain the Fashion Industry
The fashion industry is no stranger to supply chain hiccups, curveballs, speed bumps, surprises, or whatever other buzzword is used… Read More
Port of Baltimore Set to Reopen After Key Bridge Collapse Disruption
The full federal channel to the Port of Baltimore is scheduled to reopen on June 7, ending an 11-week halt… Read More
Rhine River Shipping Halted in Southern Germany Due to High Water Levels
Shipping operations on the Rhine River remain suspended around Maxau and Mainz in southern Germany due to increased water levels… Read More
Time To Dust The Vault And Revive Those Forgotten Logistics Ideas
Things are slowing down in the 3PL industry, with a 4.7% shipment decline during the last fourth quarter. Asparuh Koev,… Read More
Container Price Bubble Expected to Burst in H2 2024 Amid Shaky Consumer Confidence
Container xChange today unveiled its June container market forecaster, revealing trends and insights that are shaping the global container shipping… Read More
When Should You Prioritize Tire Balancing for Your Semi-Truck?
Maintenance is one of the biggest ongoing costs for any fleet, and tires account for many repair issues. Still, many… 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
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