CSCMP EDGE 2019: Complex Supply Chains, Cost Concerns Create Demand and Opportunities for 3PL Providers
Shippers and third-party logistics providers are continuing to collaborate as they find solutions to meet their supply chain goals, improve efficiency, and manage their overall transportation spend. Increased availability of data and the utilization of technology are driving improvement across the supply chain, particularly as shippers navigate growing consumer and customer demands, complex shipping operations.
Customers’ demand for convenience, complex shipping operations and the need for shippers to manage their transportation spend have increased the number of shippers seeking out third-party logistics providers’ expertise, and the 3PL industry is expected to grow.
This year’s Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report will make its debut on June 18. It will once again be unveiled during a news event at the famed National Press Club in Washington, D.C. Penske Logistics is the report presenter with A.T. Kearney creating the 30th annual publication.
CSCMP State of Logistics Report: Economic Expansion and Consumer Demand Drive Logistics Growth and Innovation
A strong economy, continued e-commerce growth, tight carrier capacity and increasing demand for value-added warehousing services have positioned the third-party logistics market for rapid growth. In 2017, revenues reached $175 billion, and the U.S. market is expected to grow at about 5.5 percent through 2019 to reach a size of $195 billion.
On June 19, this year’s edition of the Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report will be made public at the National Press Club in Washington, D.C. Penske Logistics will be presenting the report for the 10th consecutive year and management consulting firm A.T. Kearney will once again produce this industry-leading supply chain study.
A.T. Kearney, a top global management consulting firm, is the new author and researcher of the 27th annual State of Logistics Report, the Council of Supply Chain Management Professionals (CSCMP) announced. Penske Logistics has been the report presenter since 2009.
The State of Logistics Report will debut at the National Press Club in Washington D.C., on June 21. The report has tracked and measured all costs associated with moving freight through the U.S. supply chain since 1988.
Penske Logistics is sponsoring a complimentary webcast on July 29, beginning at 2 p.m. ET/11 a.m. PT, whereDC Velocity magazine will discuss the Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report. The report, which is also sponsored by Penske Logistics, will feature author Rosalyn Wilson’s thoughts on a bullish 2014, despite the current inconsistent economic climate.
Third-party logistics providers are diversifying services, leveraging technology and investing in relationships in order to remain competitive and accommodate future business needs and challenges, industry analysts said this week during the Council for Supply Chain Management’s (CSCMP) Annual Global Conference in Denver.
Several key industry experts presented their individual survey findings during the event.
The Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference in Denver is just weeks away. Penske Logistics is a major global sponsor of the event and working with other thought leaders on several key study presentations. Here are 10 hot supply chain topics you’re sure to hear about during the conference.
- Economic Growth – There are signs of improvement in the economy across virtually all modes of transportation. How will political wrangling, consumer confidence and unrest in certain regions impact the outlook for shippers and logistics providers?
- Talent Wars – Logistics providers are in the midst of a war to attract, retain and develop their top talent to fuel future growth. What strategies will they undertake to address it?
- Near-shoring & Re-shoring – Manufacturers, and subsequently their logistics providers. are moving their operations closer to the U.S. Is it boom time for Mexico and elsewhere in Latin America? What does this mean for China's outlook?
- Big Data – From mobile devices and telematics to warehouse RFID tags. There is a ton of Big Data in today’s supply chains. How are shippers and their logistics providers working together to drive efficiency and make smarter decisions?
- State of Manufacturer-3PL Relationships – Manufacturers and logistics providers have weathered some tough economic times in recent years. How have the relationships between shippers and their logistics providers changed and how are they evolving?
- Preferential Sourcing – The number of preferential trade agreements have risen sharply since the 1990s. What are the key drivers and what do they mean for shippers and logistics providers as it relates to global trade management?
- E-commerce & the Omni-Channel – Retailers continue to evolve their omni-channel strategies. How will logistics providers and retailers collaborate to reach the goals of retailers and meet customer expectations?
- Trucking Capacity & Rates – Trucking capacity remains tight. Carrier costs continue to climb for equipment, drivers and to meet tougher new regulations. Are rates poised to pop?
- Mergers & Acquisitions – Logistics providers are seeking growth. What is the outlook for consolidation in the supply chain?
- Sustainability – Logistics providers continue to help drive sustainability into their operations with truck aerodynamics, alternative fuels, route optimization, and facility improvements. But, are shippers willing to share in these costs to help drive a greener planet and reduce carbon footprint?
To learn more about these hot supply chain topics don't miss these sessions during CSCMP’s Annual Global Conference in Denver. We'll see you there!
Penske Logistics’ commitment to driving industry thought leadership will be evident again at this year’s Council of Supply Chain Management Professionals (CSCMP) Annual Global Conference in Atlanta. The conference takes place at the Georgia World Congress Center from Sept. 30 to Oct. 3. Penske Logistics is a global event sponsor. Joe Gallick, senior vice president of global logistics sales, will serve as a panelist and speaker during two key industry sessions.
CSCMP State of Logistics Report Update - Tues., Oct. 2 at 9:45 a.m. ET, Room B406
Yesterday, the Council of Supply Chain Management Professionals and Penske Logistics revealed the findings of the 22nd Annual State of Logistics Report® at a press conference held at the National Press Club in Washington, D.C. To read the report’s press release and findings please click here.