Global logistics connects critical components of the supply chain from a product’s point of origin to its point of consumption to ensure timely and efficient distribution of goods from producers to consumers. The global logistics industry helps moves goods worldwide. This may include moving goods via ship, rail, plane or over the road.
Since there are so many components to making global logistics flow smoothly, good coordination is needed.
There are five elements of logistics:
Disruptions to global logistics supply chain managements can potentially make or break the success of your business. Put simply, goods can only be sold if every link in your supply chain is working properly.
There are a few key components to consider when building your global logistics supply chain:
Time, cost and quality are key drivers of success in global logistics. As a result, location is a leading consideration. Other considerations include cost and availability of suitable labor; presence and reliability of essential business partners; geopolitical and geographic risk and stability. Because global logistics connects critical components of the supply chain—from a product’s point of origin to its point of consumption—to ensure timely and efficient distribution, location is a key success factor for distribution centers, transport hubs, terminals and other infrastructure. Typically, the most functional and compelling infrastructure is located near or adjacent to highly trafficked transport routes and dense population centers to serve large numbers of consumers.
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