Join Steven Brown for an in-depth discussion in this video Shifting to regional supply chains, part of Fundamentals of Logistics.
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- Simply put, international logistics is hard to manage.…Today's logistics world includes so many specialists…from freight forwarders to customs clearing houses…to import-export professionals,…and that's just to name a few.…It's very hard to keep up with them all.…No wonder so many companies are forced…to hire third-party logistics providers.…This world is just so complex.…There are also a host of factors that have to be considered,…such as longer lead times,…volatile fuel prices, and port congestion.…
The list goes on and on.…In 2008, as major companies were reeling…from high transportation costs,…they began to rethink their global supply chain strategies.…They began to look at shorter transportation channels,…which resulted in the discovery of regional supply chains.…In short, you make the product close to the customer…and you source locally as much as you can.…Now, this was not a new concept in 2008.…Many companies were already employing…regional supply chains,…but higher logistics costs made many additional companies…
These lessons will help you understand the importance of logistics and help your company prepare for efficient delivery, distribution, and inventory. Plus, get insights on the latest logistics trends.
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- Understanding order fulfillment
- Defining logistics
- Comparing inbound, outbound, and reverse logistics
- Key decisions: delivery, distribution, and inventory
- Coordinating the supply chain
- Trends in logistics management