Best Practices in Universal Logistics.

Abstract

The sedentary business overview is marked by rapidly increasing levels of global sourcing; specifically from low-cost countries and continents. Although many companies across a variety of industries such as Manufacturing etc obtain cost savings merely through this sourcing approach, the benefits are generally offset by intricacies connected with global logistics management. Nevertheless total supply chain costs may be decreased by global sourcing strategy, typically, logistics and transportation costs have been rising as a percentage of the cost of goods sold. This has developed as a result of increasing fuel prices, the inherent costs of long distance outflow of goods and transportation capacity inequalities – both for domestic transportation in regions like United Stated of America, and for International Sea and air freight from countries like China and India.