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.
Shippers and third-party logistics providers are working to find efficiencies, improve service and develop innovative solutions as they navigate increasing freight levels, tight capacity and stricter consumer and retailer demands.
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.
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.
Sean Monahan, lead author from A.T. Kearney, presents the 2016 CSCMP State of Logistics Report at the National Press Club.
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.
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.
In 2014, the supply chain industry experienced one of its strongest years in recent history. The transportation sector grew by 3.6 percent due to stronger shipment volumes and consumers, which had been the element missing from the country’s financial recovery, began to drive the economy once again as confidence increased.
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.”
Today at the National Press Club in Washington, D.C., The Council of Supply Chain Management Professionals (CSCMP) released its 25th Annual “State of Logistics Report®", presented by Penske Logistics. The report reveals that total U.S. business logistics costs in 2013 rose to $1.39 trillion, a 2.3 percent increase from the previous year.
Logistics as a percent of U.S. gross domestic product (GDP) declined for the second year in a row, indicating that the logistics sector is not keeping pace with the growth in the overall economy (hashtag #SofL14).