The Official Blog of Penske Transportation Solutions

state of logistics report

A new year can bring several unknowns, especially in transportation and logistics, which are navigating increased volatility and operational pressures. To help those within the industry prepare for the year ahead, we sat down with several industry experts to get their thoughts on capacity, operations, sustainability and how to prepare for 2024.

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Volatility in supply chains remains, but an overall softening of freight has created opportunities for shippers to realign and reshuffle allocations of business as they focus on resilience, cost management and strong relationships.

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Global volatility has continued to disrupt supply chains, and flexibility, efficiency and resilience are vital for companies throughout the logistics sector. Third-party logistics providers have played increasingly significant roles with shippers, providing data management, visibility and analytics that are helping to transform supply chain networks.

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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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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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Logisticians have a history of rising to the occasion in the face of hardship, and third-party logistics providers worked throughout 2020 to respond to supply chain disruptions, addressing unexpected challenges while driving efficiency and innovation.

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Mark your calendars for June 24 – the date that the 2021 edition of the Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report will be released. Presented by Penske Logistics, and researched and prepared by Kearney, it will be launched virtually. Click here to register.

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Penske Logistics is taking part in a Council of Supply Chain Management Professionals (CSCMP) webinar, 2021: The Road Ahead, on January 27. Andy Moses, senior vice president of sales and solutions, will join a panel of experts that examines challenges facing 2021 supply chains and discuss current industry trends.

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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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Growth in e-commerce and changes to companies' inventory policies have increased demand for warehouse space, and the existing network is filling up. E-commerce is expected to increase during the holidays as customers social distance and shop from home. The Wall Street Journal has reported that retailers are working to find more space and locking in additional fulfillment capacity for holiday items, such as toys, and essential goods, such as paper towels.

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Those within the C-suite are facing several transportation-related challenges in the current economic climate. Still, shippers and transportation providers can use technology to optimize their supply chain and increase efficiency.

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Motor carriers seeking to manage risks amid upcoming uncertainty should focus on becoming more efficient in the lanes they serve and making the most out of excess capacity, according to the 31st Annual State of Logistics Report®.

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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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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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