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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
Automated E-Commerce Packaging Market: Emerging Packaging Solutions for a New Era
The automated e-commerce packaging market is rapidly transforming the landscape of logistics and order fulfillment. As online shopping continues to… Read More
Global Shipping Faces Turbulence: Chokepoint Disruptions Threaten Trade and Supply Chains
The maritime industry is navigating treacherous waters, as critical shipping chokepoints face unprecedented strain, threatening global trade, food security, and… Read More
10 Best Sites to Find International Buyers Online
To expand your business and achieve a new level of success, or to get one step ahead of existing competitors,… Read More
Port of Los Angeles Sets All-Time Record with Massive Cargo Surge in Q3
The Port of Los Angeles achieved its largest-ever quarterly performance, processing 2.85 million TEUs between July and September 2024. September… Read More
Setback for U.S. Arctic Strategy as Nome Deepwater Port Project Hits Cost Barrier
The U.S. effort to expand Arctic capabilities faces a blow as the U.S. Army Corps of Engineers has canceled the… Read More
Supply Chain Digital Twin Industry Insights: USD 8.7 Billion Revenue by 2033
Introduction The Global Supply Chain Digital Twin Market is experiencing, substantial growth, with projections indicating a robust increase in market… Read More
China-Backed Chancay Megaport Poised to Redefine South American-Asia Trade Routes
Peru’s new Chancay port, a sprawling infrastructure project backed by China, is set to become a pivotal hub for trade… Read More
Dubai Customs Unveils Seamless Inspections Initiative at GITEX Global: A Game-Changer in Logistics
At GITEX Global, Dubai Customs introduced its innovative “Seamless Inspections” initiative, marking a significant advancement in how customs inspections are… Read More
Trucking Industry Shows Slight Progress, but a Full Recovery Remains Distant
After 27 consecutive months of declines, the average cost of moving goods by truck is set to rise by 0.2%… Read More
American Ports Drive $2.9 Trillion in Economic Impact and 21.8 Million Jobs, AAPA Report Reveals
The American Association of Port Authorities (AAPA) has released its 2024 Port and Maritime Industry Economic Contribution Report highlighting the essential… Read More
Eco-Friendly Innovation in the Luxury Rigid Box Market: Balancing Sustainability with Premium Appeal
In recent years, the luxury rigid box market has witnessed a significant shift as brands increasingly seek sustainable packaging solutions… Read More
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