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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
Hapag-Lloyd Invests $4 Billion in 24 Dual-Fuel Containerships to Propel Decarbonization Goals
German shipping giant Hapag-Lloyd has committed to a $4 billion investment in 24 new dual-fuel containerships, ordered from China’s Yangzijiang… Read More
Large, Low Visibility Infrastructure Projects are being Planned throughout America
At-grade rail crossings – where roads intersect at the same level with railway tracks – are the second leading cause… Read More
Survey Highlights Logistics Industry’s Lack of Readiness for Upcoming EU Customs Regulations
Trade Tech, Inc., a global logistics solutions provider, has released findings from a recent survey that reveal critical knowledge and… Read More
What California’s Complex Wine Supply Chain Can Teach Industry Professionals
What California’s Complex Wine Supply Chain Can Teach Industry Professionals Wine producers and retailers have to handle the deceptively complex… Read More
The Role of AI in Streamlining Operations and Reducing Costs
AI vs. Traditional Automation Traditional automation involves rule-based systems for repetitive tasks without human intervention, done through scripts or tools… Read More
Decarbonization Yields $200M Annual Gains as Redwood Pioneers Carbon Accounting Solutions
Redwood’s Fall 2024 Sustainability in Logistics Report, drawing on insights from recent Gartner and Boston Consulting Group (BCG) research and… Read More
Resilience Through Adversity: How Recent Turmoil Has Strengthened Supply Chains
It’s no secret that supply chains have had a challenging couple of years. The COVID-19 pandemic limited material supplies in… Read More
DaChan Bay Terminals Expands Middle East Connections with New and Enhanced Services
DaChan Bay Terminals has strengthened its Middle East network with a new direct service launched on November 5, providing fast,… Read More
Driving Brand Consistency in Logistics: Key Insights for Marketing Success
Brand consistency goes beyond your logo or slogan—it’s the sum of all interactions a customer has with a company. In… Read More
Embracing ICS2-ENS: Navigating the Future of Global Trade with Precision and Insight
SEATTLE, WA, November 4, 2024 – As President of Trade Tech, I’ve seen how regulatory advancements like the European Union’s… 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
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