The Official Blog of Penske Transportation Solutions

Throughout 2021, surging demand, tight capacity, supply chain disruptions and inflation kept intense pressures on the logistics sector, but a stuttering rebalancing of demand and supply is currently underway as the economy has slowed. However, those within the logistics industry should continue to expect the unexpected and focus on collaboration and contingency planning within their operations as they work towards greater stability.

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While the past year has brought some stability back to selected areas of the supply chain, global businesses continue to face volatility and uncertainty. Even supply chains that are well-equipped with talent, technologies, and financial resources have experienced significant challenges, and the quality of relationships between third-party logistics providers, and shippers, is a vital component of overall supply chain success.

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Surging demand, tight capacity, supply chain disruptions and inflation kept intense pressures on the entire logistics sector throughout 2021, and 2022 seems to be offering little respite as uncertainties linger. Shippers are increasingly seeking the assistance of third-party logistics providers in navigating supply chain complexity, service disruptions and surging customer demands.

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The yearly Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report will return to an in-person presentation on June 21. Presented by Penske Logistics and authored by Kearney, this study will be unveiled at its traditional home, the National Press Club in Washington, D.C. CSCMP members can tune in via a livestream.

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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.

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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.

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The current state of the trucking industry is putting shippers across the country in a bind – leaving them with fluctuating rates for freight transportation and a shortage of drivers. Several factors have driven high demand for trucks, including the hurricane relief efforts in Florida and Texas, severe winter storms, higher holiday freight volumes, new driver regulations for electronic logging devices (ELDs) and an overall increase in economic activity.

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Today’s young supply chain professionals find their work to be rewarding – even exciting – in a field they say offers a clear path to advancement.

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Supply chain activity continues to accelerate, and shippers and their logistics providers keep moving towards more meaningful partnerships that can provide value and create a competitive advantage. At the same time, greater availability of data and the ability to make real-time decisions are driving shippers, and their logistics providers, towards more collaborative relationships, which is leading to new and innovative solutions.

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The Council of Supply Chain Management Professionals (CSCMP) will soon host one of the industry’s leading conferences, the newly renamed CSCMP EDGE, where Penske Logistics will be highly visible. Taking place at the Georgia World Congress Center in downtown Atlanta from September 24-27, over 3,000 supply chain practitioners will participate in this conference and exhibition.

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The supply chain is undergoing a rapid pace of change, and third-party logistics providers are responding with increased capabilities to optimize the network and create value for shippers. Logistics providers are evolving from tactical service providers to collaborative partners assuming greater accountability and control, with shippers taking advantage of logistics providers’ expertise.

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This month marks the return of the Council of Supply Chain Management Professionals (CSCMP) annual conference. Penske Logistics will be front and center at the Gaylord Palms Resort & Convention Center in Kissimmee, Florida, as a Global Sponsor and industry expert.

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This year’s State of Logistics Report will have a new look and feel. The Council of Supply Chain Management Professionals (CSCMP) publication, presented by Penske Logistics for the eighth straight year, will feature a new author and researcher, A.T. Kearney, and distinguished new panelists. The 27th edition will be made public on June 21 at the famed National Press Club.

Sean Monahan, A.T. Kearney partner and operations practice leader – Americas, will for the first time serve as the report’s lead author and also sit on the panel.

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Summer is a wrap, school is in session and the Council of Supply Chain Management Professionals Annual Global Conference (#CSCMP2015) in San Diego is on the horizon. Here are a few supply chain trends that will no doubt be discussed during CSCMP 2015:

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Penske Logistics senior executives serve as expert panelists, participate in recruiting events, and the company is a leading global sponsor for this month’s Council of Supply Chain Management Professionals (CSCMP) Annual Conference in San Diego from September 27 to September 30.

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Kevin Smith was moderator for this year's CSCMP State of Logistics Report presentation in Washington, D.C.

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On June 23, the 26th Annual State of Logistics Report will be unveiled at the National Press Club in Washington, D.C. It is presented by Penske Logistics and introduced by the Council of Supply Chain Management Professionals (CSCMP). Industry analyst and report author Rosalyn Wilson will once again present the report’s key content which examines major trends, issues and economic data across all major transportation modes within the supply chain.

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The Council of Supply Chain Management Professionals(CSCMP) Annual Global Conference takes place in San Antonio, Texas, September 21 - 24 at the Henry B. Gonzalez Convention Center. Here are a few of the hot topics you will be hearing about during the event.

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Penske Logistics is recruiting qualified candidates for its Supply Chain Leadership Program (SCLP) at the following campuses to discuss the SCLP with students and alumni: Sept. 17 atUniversity of Texas, Arlington, Texas, and Sept. 18 at University of North Texas, Denton, Texas.

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