Featuring: Innovation in Logistics
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Feature of the Month: Innovation in Global Logistics

A key factor in international business is supply chains and their ability to effectively move products across the world in a timely and efficient manner. In 2015, the global logistics industry was worth $4 trillion, or 10% of global GDP. As the industry expands, innovation in logistics has become crucial to the success of international trade.

Over the next six years, supply chain optimization will save businesses an estimated $3 trillion. Much of this will be due to the increased use of technology, including big data, artificial intelligence, drones, and automated systems such as driverless cars. Amazon found that its Kiva robots have cut operating expenses by 20%, and future cost savings of $800 million are possible once more robots are incorporated into their warehouses. The use of such technologies will only increase in the coming years, as companies look to further optimize their supply chains and boost their international reach.

To read more about innovation in logistics, check out our September blog series!

Featured Resources

Export.gov: International Logistics

The "International Logistics" page on the Export.gov website provides resources to assist businesses with developing global shipping strategies. Created for businesses planning to ship products overseas, the site provides information about International Commercial Terms, export documents, and tariffs.

globalEDGE Business Review: Knowledge in Global Supply Chains

Executive Briefing: Despite the importance of supply chains to firms, we know little about the intangible aspects of why some global supply chains excel while others struggle. The fit among strategy and knowledge elements is a key determinant of global supply chain performance. But, which knowledge elements should be stressed by which firms? Opens in PDF format.

Featured Academy

Multinational Logistics

The Multinational Logistics module informs one of the circumstances dealing with the following: what logistics and supply chain are and how they differ domestically and internationally; the types of issues that are involved with international transportation; international inventory matters; warehousing and product storage topics and how international logistics augments these; and the management issues that multinational logistics creates.

Multinational Sourcing

The Multinational Sourcing module contains information pertaining to the following issues: what international sourcing is and why companies chose this option; the international sourcing process, including the steps of progression from domestic to full international sourcing; countertrade, the different types of countertrade, and the issues to consider when conducting countertrade. A case study on multinational purchasing at Paradyne is also provided.

globalEDGE Business Beat

David Hollister Talks About Second Shift, GM, And Lansing

Hosted by Tomas Hult, this segment of the globalEDGE Business Beat is an interview with David Hollister, former mayor of Lansing, Michigan, from 1994 to 2003, after which he served as Director of the Michigan Department of Labor and Economic Growth. Hollister together with Ray Tadgerson, David Closs, and Tomas Hult recently released the book Second Shift: The Inside Story of the Keep GM Movement. This book – and the accompanying film documentary (Second Shift: From Crisis to Collaboration) – discusses a six-dimensional collaborative problem-solving approach called the Second Shift Model that can apply to any business or community, large or small, to maintain the communities global competitiveness. In this segment, Hult and Hollister dialogue about the background of the Second Shift project, the most important component of the Second Shift Model, and the complementarity between the book and the film documentary.

David Closs Shares His View The Inside Story Of The Keep GM Movement In Lansing

Hosted by Tomas Hult, this segment of the globalEDGE Business Beat is an interview with David Closs who is Professor, McConnell Endowed Chair, and Chairperson of the Department of Supply Chain Management in the Eli Broad College of Business at Michigan State University. Closs, together with David Hollister, Ray Tadgerson, and Tomas Hult, recently released the book Second Shift: The Inside Story of the Keep GM Movement. This book – and the accompanying film documentary (Second Shift: From Crisis to Collaboration) – discusses a six-dimensional collaborative problem-solving approach called the Second Shift Model that can apply to any business or community, large or small, to maintain the communities global competitiveness. In this segment, Hult and Closs dialogue about the learning experience other communities can take from Lansing’s experience with GM, the value to Lansing of having two of the newest GM plants in town, and the key takeaways for communities and multinational corporations.

 

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Fact of the Month

In 2016, the transportation sector of the logistics industry is expected to have revenues of $3.8 trillion globally.

Link: Cerasis

From the gE Blog

The use of drones for commercial purposes is starting to grow as regulatory guidelines are released. Check out our new gE blog post on drones impact on supply chains and logistics, and the challenges that are becoming more apparent.

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