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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.
Fillogic Introduces Eco-Friendly Packaging Solution for Retail Shipping
Fillogic, a leader in channel-free logistics, announces a pioneering initiative to provide fully recyclable and reusable packaging for customer shipments…. Read More
Navigating Supply Chain Challenges: Kearney’s Insights on Red Sea Disruptions
Balika Sonthalia, Senior Partner and Americas Co-lead in the Operations and Performance practice at Kearney, provides insights into the ongoing… Read More
Essential Inventory: Must-Have Items for an Organized and Efficient Warehouse
In the fast-paced world of logistics and supply chain management, maintaining an organized and efficient warehouse is paramount to success…. Read More
2024 Outlook: Navigating Challenges and Seizing Opportunities
There is optimism that the world economy will rebound in 2024 after a turbulent last few years, but this positivity… Read More
Postal Service Seeks Community Support for Safe Winter Mail Deliveries
In the midst of New England’s anticipated winter weather, the Postal Service is reaching out to residents for support in… Read More
Packaging Adhesive Market Size Journey Towards USD 23,000 Million by 2032
The global packaging adhesive market size is set for a remarkable journey towards USD 23,000 million by 2032. This substantial… Read More
8 Strategies for Empowering Emerging Talent in the Supply Chain Industry
Some supply chain industry companies need help attracting new talent. Executives can turn this around by making opportunities more appealing… Read More
South Carolina Ports Propel Midlands Economy with a $22.3 Billion Impact
South Carolina Ports play a pivotal role in the economic vitality of the Midlands region, generating an impressive $22.3 billion… Read More
Rising Spot Rates and Container Demand Surge in the Wake of Red Sea Turmoil, ahead of the Chinese New Year
The Red Sea, a vital conduit for East-West trade, is undergoing unprecedented turmoil due to persistent attacks by Houthi rebels,… Read More
Nuvera Fuel Cells and HELINOR Energy Join Forces to Develop Zero-Emission Marine Power Solutions
Nuvera Fuel Cells, a leading provider of fuel cell power solutions, has formalized a technology development agreement with HELINOR Energy,… Read More
TT Club Raises Awareness of Freight Crime Supply Chain and Urges Collaborative Action
Freight insurance provider TT Club is shedding light on a concerning trend in the logistics industry, the existence of a… Read More
enVista and Softeon Unite Forces for Cutting-Edge Warehouse Management Solutions
In a strategic alliance, enVista, a prominent supply chain and enterprise solutions provider, has joined forces with Softeon, a leading… Read More
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