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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
Statement from American Association of Port Authorities (AAPA) on Potential New Tariffs
The American Association of Port Authorities (AAPA) today released the following statement in anticipation of new tariffs from the Trump… Read More
Dynamic Warehouse Evolution: Lucas Systems Unveils Self-Optimizing Tech for Real-Time Efficiency
Lucas Systems, a leader in distribution center technology, has introduced advanced software enhancements designed to transform warehouse operations in real… Read More
Freight Foresight: Ceasefire and Seasonal Slowdown Drive Ocean Rates Down
Ocean container shipping rates are expected to decline further in February, driven by a Middle East ceasefire and the typical… Read More
How to Enhance SOX Compliance Through Effective Identity Hygiene
The Sarbanes-Oxley Act (SOX), a US federal law that mandates publicly traded companies to establish robust internal controls over their… Read More
Mexico Strengthens Economy Amid Potential US Tariffs
Mexico is proactively safeguarding its economy from the ramifications of potential US tariffs, as highlighted in a recent Bloomberg report…. Read More
U.S. Port Traffic Surges as Container Imports Hit 15-Month Growth Streak
The nation’s ten largest ports saw a 14.2% year-over-year increase in inbound container volumes in December, marking the fifteenth consecutive… Read More
Leveraging Technology to Enhance the Safety of Sensitive Cargo in Transit
Transporting sensitive cargo is a high-stakes operation. Whether it is pharmaceuticals needing precise temperature control or perishable goods with a… Read More
5 Classifications of Forklift Trucks and Which One Should You Use in Your Warehouse
Over the years, forklift trucks have become indispensable in many industries, especially in logistics, warehousing, and construction. This heavy equipment… Read More
How to Prepare for Tariff and Policy Changes
Following the inauguration of a new U.S. administration, President Trump directed his federal agencies to conduct several trade-related reviews and investigations, putting… Read More
BMW CEO Advocates for EU Tariff Reductions on U.S. Car Imports
This week, BMW’s CEO Oliver Zipse proposed that the European Union reduce its tariffs on U.S. car imports from 10%… Read More
Red Sea Crisis and Global Trends Drive Up Ship Maintenance Costs
The maritime industry is grappling with rising costs for vessel stores and spares as geopolitical tensions in the Red Sea… Read More
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