Global logistics encompasses the comprehensive management of the flow of goods, information, and resources across international borders, from the point of origin to the point of consumption. This includes transportation, warehousing, inventory control, and supply chain coordination on a worldwide scale. Effective global logistics ensures efficient delivery and reduces operational costs. It is critical for international trade and commerce.
Context
Blockchain technology is frequently discussed in crypto news as a solution to enhance transparency and efficiency in global logistics. Reports detail how distributed ledgers can provide immutable records of shipments. This addresses issues of fraud and delays in international supply chains.
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