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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
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
Navigating the Cybersecurity Landscape in Logistics: Risks, Solutions, And Opportunities
Here explore key cybersecurity challenges and solutions in the logistics industry, ensuring data protection, secure supply chains, and resilient operations in… Read More
North American Ports Invest in Cold Storage to Capture Growing Reefer Market
The refrigerated cargo industry has emerged as a top growth sector for North American ports, driving new investment in cold… Read More
Challenges Faced by Low-Cost Carriers (LCCs)
Times have changed, and airlines seem to be up to the daily travel of air travelers. Mostly because carriers are… Read More
Nuclear-Powered LNG Carriers: The Future of Zero-Emission Shipping?
The American Bureau of Shipping (ABS) has released a new report evaluating the potential of advanced nuclear technology to power… Read More
7 Questions to Ask When Looking to Diversify Your Carrier Base
Carrier diversification is a trend that is continuing to gain traction. This season’s peak season surcharges from national carriers like… Read More
Decoding USD 45.3 Billion Explosion in Supply Chain Management Software Industry by 2033
Introduction Supply Chain Management (SCM) software has become a vital tool in the logistics and operations of companies around the… Read More
EPA Grants $3 Billion to Decarbonize U.S. Ports with Clean Technologies
The Environmental Protection Agency (EPA) has awarded $3 billion in grants to 55 projects across 27 states and territories as… Read More
Why Demand for Cold Chain Logistics in Pharmaceuticals is Growing Rapidly
With an increased focus on temperature-sensitive medications and vaccines, pharmaceutical companies, healthcare facilities, and logistics providers are prioritizing cold chain… Read More
AI in the Packaging Market Valued at USD 7,337 Million Boom by 2033
Introduction The Global AI in the Packaging Market is on a trajectory of robust growth, with expectations to expand from… Read More
Integrated Automated Supply Chain Market: USD 25.6 billion Revenue by 2033
Introduction An integrated automated supply chain represents a holistic approach that combines various supply chain activities – from production and… Read More
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