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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.
U.S. Port Import Surge Fueled by Strike Concerns and Potential Tariff Increases
U.S. container imports are projected to rise through the end of the year as retailers prepare for a possible East… Read More
IMO Chief Urges Action as Red Sea Attacks by Houthi Forces Disrupt Global Shipping
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has concluded a diplomatic tour of key Red Sea countries amid escalating maritime… Read More
E-commerce of Agricultural Products Market—A Digital Green Revolution!
Introduction The e-commerce of agricultural products market is rapidly gaining traction as more farmers and consumers embrace the convenience of… Read More
How E-commerce is Driving New Trends in Global Trade and Logistics
The rise of e-commerce has fundamentally transformed the way goods are bought and sold across the globe. From small local… Read More
Panama Canal Posts $3.45 Billion Profit Despite Drought-Driven Shipping Reductions
The Panama Canal achieved a 9.5% profit increase in the fiscal year ending September 2024, generating $3.45 billion despite severe… Read More
Xeneta Forecasts Another Tough Year for Container Shipping as Geopolitical Tensions Rise
The 2025 Ocean Outlook report from Xeneta signals a challenging year ahead for container shipping, warning of heightened geopolitical risks… Read More
Serbia and Croatia Now Connected by Direct Rail Freight Route to Boost Trade and Cut Emissions
ÖBB Rail Cargo Group (RCG) has launched a direct rail freight route linking Belgrade, Serbia, with Rijeka, Croatia, creating a… Read More
FinTech Blockchain Market Booms: US$ 325.6 Billion Revenue
According to the findings of Market.us, The Global FinTech Blockchain Market is set for remarkable growth, projected to surge from… Read More
Forecasting Demand in Supply Chains: Why It’s Critical for Success
Demand forecasting has become an essential tool for supply chain and logistics professionals. In an industry where unexpected delays, sudden… Read More
New Climate Risk Scores Equip Supply Chains for Climate Resilience up to 2100
Everstream Analytics, a leader in supply chain insights and risk analysis, has introduced Climate Risk Scores, a pioneering tool that… Read More
USDA Awards $33.5 Million to Boost Local and Regional Food Markets Nationwide
The U.S. Department of Agriculture (USDA) has allocated over $33.5 million to 113 projects across 43 states and territories in… Read More
Cold Chain Tracking and Monitoring Market Worth USD 24.1 bn by 2032
Introduction As stated by Market.us, The Global Cold Chain Tracking and Monitoring Market is set for significant growth, projected to… Read More
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