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.
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.
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.
CSCMP EDGE 2017: 3PL Industry Focused on Relationships, Technology to Drive Optimization and Performance
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.
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.
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.
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.
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:
Rick Blasgen, president and CEO of CSCMP, at the presentation of this year's State of Logistics Report.
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.
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.
Rosalyn Wilson, author of the annualCouncil of Supply Chain Management Professionals (CSCMP) State of Logistics Report, will co-host a Food Logistics magazine webcast, along with Joe Carlier, Penske Logistics senior vice president of sales, to highlight the report’s impact on the food and beverage industry. The complimentary webcast takes place on August 19 at 2 p.m. ET/1 p.m. CT/11 a.m. PT.
The logistics industry has continued on a path of slow growth over the last several years as it has worked through the Great Recession. While 2013 was more of the same, the data for 2014 indicate a more bullish outlook as the sector is showing its strongest freight performance since 2009.
“This will the best year we have experienced in the last eight years,” said Rosalyn Wilson (in photo on right), author of the 25th Annual State of Logistics Report, which was introduced by the Council of Supply Chain Management Professionals (CSCMP) and Penske Logistics last month. “The first five months of 2014 have been the strongest since the end of the Great Recession.”