The Official Blog of Penske Transportation Solutions

The 2021 25th Annual Third-Party Logistics Study shows that shippers and their third-party logistics providers are working together to create positive relationships as well as a competitive advantage. Additionally, shippers have high expectations of what they need from logistics providers, and 3PLs are responding with increased technological and digital capabilities, improved service levels and greater efficiency.

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Market demands brought on by COVID-19 are creating new challenges, and opportunities, for third-party logistics providers and the shippers that rely on them as they work to meet increasing customer expectations and minimize supply chain disruptions.

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Penske Logistics is supporting CSCMP EDGE 2020 Live! as a Global Sponsor. The Council of Supply Chain Management Professionals' annual conference is going virtual this year from September 20-23, with Penske Logistics president Marc Althen and senior vice president of sales and solutions Andy Moses participating as speakers.

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After a solid 2019, the logistics industry was initially traumatized after the COVID-19 pandemic took hold across the globe. However, the logistics industry has demonstrated resilience, and it is already adapting to new market demands.

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The State of Logistics Report this year will make its debut virtually on June 23 by the Council of Supply Chain Management Professionals (CSCMP). The report is researched and prepared by global consulting firm Kearney and presented by Penske Logistics.

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Penske Logistics senior vice president of global sales Joe Carlier will join a panel of experts in a May 21 webinar hosted by the Council of Supply Chain Management Professionals (CSCMP) on the 2020 Third-Party Logistics Study. Please click here to register.

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Young professionals see working within the supply chain as an exciting career option and said there are good opportunities for advancement or promotions. The majority of respondents taking part in the 2019 Council of Supply Chain Management Professionals/Penske Logistics Young Professionals Survey, which surveyed more than 100 supply chain professionals under age 30, said they enjoy working in the supply chain and that it makes them content.

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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.

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Penske Logistics will appear on a trio of educational sessions and once again serve as a Global Sponsor at the upcoming Council of Supply Chain Management Professionals (CSCMP) EDGE conference in Anaheim, California, from September 15-18.

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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.

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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.

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Penske Logistics will be a participant in the upcoming 2018 Megatrend Series: Transportation Summit taking place on October 17 in Chicago, co-hosted by the Council of Supply Chain Management Professionals (CSCMP) and the Haslam School of Business at the University of Tennessee. Tom Scollard, Penske vice president of dedicated contract carriage, will be a speaker on the Carrier Steps to Improve Capacity panel. Click here for more information and to register.

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Penske Logistics will host and take part in a local Council of Supply Chain Management Professionals (CSCMP) Roundtable in Atlanta event. On August 21, Penske Logistics Presents: State of the Industry Workshop, will be held from 11 a.m. to 1 p.m. at Maggiano’s Little Italy Restaurant in the Cumberland Mall.

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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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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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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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Yesterday, the Council of Supply Chain Management Professionals released its 2016 State of Logistics Report presented by Penske Logistics. The study was written by Sean Monahan from A.T. Kearney. Below is a video replay of the press conference presentation and the Q&A session featuring remarks from:

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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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