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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
Porto Itapoá Achieves Major Water Reuse Milestone in Sustainability Push
Porto Itapoá, one of Brazil’s leading ports, has successfully reused over 1 million liters of water in its warehouse operations… Read More
How E-Commerce is Driving CBD Demand: Key Logistics Improvements to Note
E-commerce has grown significantly in recent years, and with it, so did many industries, including recreational cannabis or CBD. The… Read More
Bridging the Gap: Report Calls for Stronger Support in Green Shipping Corridors
A new report by UMAS, UCL, and the Global Maritime Forum (GMF) highlights the need for additional support to make… Read More
The Evolving Landscape of Trucking: Challenges, Innovations, and Future Trends
The trucking industry is the backbone of global trade, ensuring the seamless movement of goods across borders and supply chains…. Read More
Trump Pressures Boeing Over Delayed Air Force One Production
President Donald Trump has expressed his dissatisfaction with Boeing, following delays in the production of the new Air Force One…. Read More
Week Four in Trade – First 100 Days of the New Administration
Earlier, we discussed President Trump’s proclamations on aluminum and steel imports, which raised the tariff rate to 25 percent on… Read More
Warehouse Automation: Reflections on the Past Year and Predictions for the Year Ahead
Supply chain leaders at U.S. retail and e-commerce companies operating globally are adept at transformative change. Many navigated the pandemic’s… Read More
Expeditors International Surpasses Market Expectations with Strong Q4 Results
Logistics powerhouse Expeditors International of Washington (NYSE:EXPD) has delivered stellar fourth quarter results for the calendar year 2024, surpassing market… Read More
Global Collaboration: Key to Solving Economic Challenges
During a recent talk in Brussels, Andrew Bailey, the Governor of the Bank of England, emphasized the importance of collaboration… Read More
Port of Charleston Welcomes Largest Vessel in Its History
SC Ports marked a milestone Tuesday as the OOCL Iris arrived at Wando Welch Terminal, becoming the largest vessel ever… 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
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