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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 to Impose Charges on Chinese-Built Ocean Carriers
The United States is set to introduce hefty charges on ocean container lines and carriers calling U.S. ports, specifically targeting… Read More
Simplifying Global Trade Compliance with Automated Financial Services
Global trade compliance can feel like a constant challenge. A small mistake can lead to fines, delays, and regulatory problems…. Read More
Importance of Digital Accessibility in Banking and Fintech
Banking and financial services are becoming more digital, making it easier for people to manage money from anywhere. But for… Read More
Shipping Industry Leaders Oppose Biofuel Use Amid Climate Concerns
Several prominent players in the shipping industry, such as Hapag-Lloyd AG and Louis Dreyfus Co., have raised concerns over the… Read More
How Ecommerce Retailers Can Mitigate Shipping Delays and Disruptions
Shipping delays and disruptions are the silent killers of ecommerce success. Even though 90% of total fulfillment costs go into… Read More
The Future Turbulence of Low-Cost Airlines
The future of low-cost airlines is facing increasing turbulence as their traditional business models buckle under the pressure of mounting… Read More
The Impact of Global Economic Shifts on Short-Term Trading
Whenever global economic conditions shift suddenly, speculating in the short term becomes very lucrative. Events like policy changes by central… Read More
Trump Administration Approves First LNG Export License After Biden’s Freeze
The Trump administration has granted its first liquefied natural gas (LNG) export license since lifting the Biden-era pause, approving shipments… Read More
Texas and California Brace for Tariff Effects
As the tariff wars show no signs of slowing, two US states will bear the brunt of the effects. Trade… Read More
AI-Powered Warehousing: How CJ Logistics America and OneTrack Are Transforming Warehouse Operations
CJ Logistics America, a leader in supply chain innovation, is redefining warehouse efficiency through its partnership with OneTrack. Since 2019,… Read More
U.S. President Unveils “Fair and Reciprocal Plan” to Tackle Trade Deficits
In a landmark move to tackle long-standing trade deficits, the U.S. President has signed a memorandum titled “Reciprocal Trade and… Read More
Eliminating Supply Chain Waste With Data Analytics
Manufacturing facilities, distribution centers, and logistics networks generate significant environmental impact through excess inventory, unnecessary transportation, and resource misallocation. Optimizing… Read More
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