Supply Chain Monthly - November 2023

Current News

Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=807791&issueID=100060 to view the full article online.

Inspire at EDGE 2024 as a Track Chair | Apply by Dec. 15

Join the EDGE 2024 volunteer team as a Track Chair to share your session ideas and industry expertise with your peers.

The success of the EDGE Supply Chain Conference & Exhibition™ education content hinges on professionals like you, who can deliver fresh insights from the supply chain frontlines. Since Track Chairs drive content development process, they produce high-quality sessions and procure speakers to deliver an unbiased educational experience to 2700+ attendees.

Become an integral part of EDGE 2024, where innovation, leadership, and collaboration come together to redefine the supply chain landscape.

Visit https://cscmp.formstack.com/forms/edge_2024_call_for_track_chairs to view the full article online.

Decarbonizing the Maritime Transportation Sector — A CSCMP Hot Topic

As regulators strive to decarbonize the maritime transportation sector, shippers need reliable emissions monitoring now more than ever. In this article, we'll delve into the evolving regulatory landscape and the pivotal role that effective Greenhouse Gas CO2 Monitoring plays in the transformation.

Thank you to CSCMP Corporate Member Ben Tracy, VP of Strategic Business Development at Vizion for sharing this Hot Topic!

Visit https://www.naylornetwork.com/cscm-nwl/pdf/HT23-VIZNOV.pdf to view the full article online.

CSCMP's New Research on the State of the Global Semiconductor Supply Chain — Now Available to Download

From consumer devices to national security systems—the technology, operational capabilities, and sophisticated processes impact every supply chain ecosystem.

The Council of Supply Chain Management Professionals (CSCMP) unveiled a new, extensive research report during the EDGE Supply Chain Conference & Exhibition's Wednesday Mega Session in Kissimmee, Florida on October 4, 2023.

CSCMP President and CEO Mark Baxa emphasized the importance of the findings stating, “This report is critical to shaping the conversation supply chain professionals at all levels in their organizations need to have about this most critical component of all things digital. Anything digital, directly or indirectly touching your supply chain begins and ends with the semiconductor. How much must you know about the risks to delivery depends on your business, but you can’t escape these essential questions…What do I need to understand about the semiconductor global supply chain and further, what level of risk to my supply chain do I have if suppliers don’t understand their risks, as well?"

Visit https://cscmp.org/store/detail.aspx?id=SEMI-23&utm_source=Informz&utm_medium=email&utm_campaign=State%20of%20Global%20Semiconductor%20SC%20Report%20Announcement&utm_term=Database%20-%20101723 to view the full article online.

2023 Study: Young Professionals in Supply Chain

What do young professionals think about working in the supply chain field? Why are they attracted to the business? What are they looking for in a career?

In the fourth edition of CSCMP's Biannual Young Professionals in Supply Chain Report, authored by Korn Ferry and presented by Penske Logistics, the 2023 survey results provide insights on the motivations and perspectives of the next generation of supply chain leaders. Gain insights into how young supply chain professionals want to develop their careers, how they uncover supply chain jobs, and if they will relocate for the right opportunity.

Visit https://cscmp.org/CSCMP/Resources/Reports_and_Surveys/Young_Professionals_Report/CSCMP/Develop/Research/Young_Professionals_in_Supply_Chain_Report_New.aspx?hkey=01f1adb7-bcc2-46e3-8c51-bb312aa25ac0 to view the full article online.

Supply Chain Sustainability Report 2023: Unrelenting Pressure and Global Progress

MIT CTL and CSCMP's Annual Insights - Evolving Practices, Net-Zero Challenges, and the Call for Global Collaboration

The State of Supply Chain Sustainability 2023 report, published by the Council of Supply Chain Management Professionals (CSCMP) and the MIT Center for Transportation & Logistics (MIT CTL), reveals that the pressure on firms to enhance supply chain sustainability continues to intensify in 2023.

“The value of this report to supply chain executives and practitioners alike cannot be overstated,” said Mark Baxa, President and CEO of CSCMP. “Worldwide, the findings and supporting commentary found in this report continue to demonstrate the criticality of the supply chain ‘doing the right things right’ for society.”

Visit https://cscmp.org/CSCMP/Resources/Reports_and_Surveys/Sustainability_Report/CSCMP/Develop/Research/State_of_Supply_Chain_Sustainability.aspx?hkey=a3623549-3904-4832-8244-2c9ee1376ec7 to view the full article online.

CSCMP Featured Members

Scott Frederick, CMO & LTL Carrier Relations, Logistics Plus, Inc.

Cleveland Roundtable

"I joined CSCMP in July 2022 to broaden my supply chain & logistics education and network with peers and prospects across the industry, both regionally and nationally. Joining your local roundtable will help establish local connections, and attending the national Edge conference will provide excellent education and even more national associations. Beyond that, I am also still learning."

Visit https://youtu.be/eZHNKupJ_sc to view the full article online.

Corine van der Sloot, Director Education | Senior Trainer, Inchainge game-based learning solutions

Education Chair for the Benelux Roundtable

"As a Supply Chain Professional, my interest is always and foremost in global supply chains. The first CSCMP conference I attended was the European Conference in 2019 in Barcelona, and after that I attended the EDGE conferences in Anaheim, Nashville and Orlando. Since 2019 I am a member of the BENELUX RT, and I am also closely connected to the RT Germany. As a member of the RT, it is my objective to connect people, and to show the value of a network like CSCMP. This year I am the Education Lead of the RT, and I want to attract more students to the BENELUX RT. I am working on a student challenge, in which Inchainge's immersive game-based learning solutions will play a role, focused on the important challenge that we are facing: the transformation to more circular and sustainable global supply chains.

For new CSCMP members, I would recommend attending the conferences, and the RT meetings. Meet new and interesting people that share similar challenges and learn and develop yourself. The most impactful connection I have made through my CSCMP membership are those business partners who have become friends throughout the years. Attending a conference for me is meeting new and old friends, and luckily it also enables me to create a positive outcome for my company Inchainge."

Visit https://youtu.be/6g0ffZ0uXcQ?si=r5lyO-p1jgdXpI6k to view the full article online.

CSCMP Corporate Spotlight ─ Prosponsive Logistics

Using the strengths of their knowledgeable people, proven processes, and state-of-the-art technology, Prosponsive Logistics helps their customers work smarter, not harder. Prosponsive's premier suite of transportation and supply chain services allows its team to seamlessly deliver the products and goods that drive the North American economy. Whether you need Full Truckload, temperature-controlled, LTL, Flatbed, Expedited, Intermodal, or Drayage, the possibilities are endless with Prosponsive Logistics.

Every day they find new, innovative ways to match their customers with the services they need through the use of data-driven analytics to deliver smarter solutions. As one of North America’s Top 3PL providers, their employees put the Prosponsive® approach to work, as they strategically improve supply chains for small businesses and Fortune 500 companies alike.

Prosponsive Logistics is a Corporate Member because they believe CSCMP is a valuable forum for continued education, collaboration and communication with other industry thought leaders. The organization helps Prosponsive to stay in tune with industry developments and offers beneficial networking opportunities that drive the industry forward. They believe in and support CSCMP’s mission to promote discussions that lead to innovation around the future of the supply chain. You can learn more about Prosponsive Logistics here.

Visit https://youtu.be/P92-dN7eVcA?si=3Q0WRTDEvx-zgNkk to view the full article online.

Connect

CSCMP Membership Delivers Long-Term Advantages

CSCMP offers multiple membership options depending upon where you are in your career journey. Whether you are an individual or part of a corporate membership, student or retiree, we’ve got you covered. Learn about your membership benefits and tap into the resources and network of supply chain’s largest community today.

Visit https://cscmp.org/CSCMP/Membership/Member_Benefits/CSCMP/Join/Exclusive_Individual_Member_Benefits.aspx?hkey=21e02064-7cc4-44c5-b862-780f0fa62ddb to view the full article online.

Call for "Meet a Member" Applications for 2024

Would you like to be showcased on the CSCMP website as a “featured member”? Each year CSCMP selects 24 members to take advantage of this highly visible member benefit. It is a great opportunity to share your background, build your profile in the CSCMP network, and grow your own network.

Don’t miss out on this crucial annual opportunity! Fill out the application by December 31, 2023 to be eligible. Direct any questions to membership@cscmp.org.

Visit https://cscmp.formstack.com/forms/meet_a_member_2024_application to view the full article online.

Welcome to CSCMP's New Corporate Members

CSCMP's new Enterprise Corporate Member Florida International University and new Corporate Members Mojix and PLD Transport, Inc. are taking advantage of CSCMP's corporate membership opportunities to develop and grow their supply chain teams.

CSCMP's corporate membership, education, and event opportunities help develop your team, so you can remain competitive in today’s disruptive supply chain industry. Get access to thought leadership, best practices, up-to-date trends, and solutions to challenges from the people who know it best. Improve productivity, build skills, network, and increase your team’s supply chain knowledge.

Visit https://cscmp.org/CSCMP/Membership/Corporate_Membership/CSCMP/Join/Corporate_Membership.aspx?hkey=79a06e6a-e919-482e-aaeb-249cd79fa3f6 to view the full article online.

Training and Development

Engage in a Virtual Conversation on Women Leadership and Resilience with Special Guest, Olympic Champion Lindsey Vonn

Join us for the next Empowering Women in Supply Chain virtual event, a series focused on networking and learning opportunities for women in supply chain.

This virtual session will be live-streamed on Thursday, November 30, 2023, from 12:00 p.m.–1:00 p.m. ET. This event will include an in-depth fireside chat between host Darcy MacClaren, chief revenue officer at SAP Digital Supply Chain, and special guest speaker Lindsey Vonn, Olympic and World Cup ski champion, entrepreneur, and philanthropist, followed by an engaging panel discussion with women supply chain leaders.

Visit https://webinars.sap.com/noam/wisc1123/en/registration.aspx?source=email-us-cscmp to view the full article online.

Manifest Vegas

Manifest is the largest global supply chain & logistics tech event in the world, bringing together Fortune 500 global supply chain executives, logistics service providers, cutting-edge startups, venture investors and technology leaders under one roof.

Visit https://partner.manife.st/cscmp to view the full article online.

October's LMI Report Reads in at 56.5

In October the Logistics Manager’s Index read in at 56.5, up (+4.1) from September’s reading of 52.4. This marks three consecutive months of expanding rates of growth, which come on the heels of three consecutive months of contraction. This is the fastest rate of expansion since January and only a point (1.0) off from last October’s expansion rate of 57.5. We had wondered whether last month’s shift from contraction to expansion was a one-time aberration or the start of a new trend. This second consecutive month of expansion provides some evidence for the latter.

Inventory Levels: The Inventory Level value for October is 53.4, showing a increase of 6.0 points from September's 47.4. This marks a significant shift in Inventory Levels, as they had been decreasing for five consecutive months. However, this value is still 12.1 points lower than last year and 8.4 points lower than two years ago. This change suggests that firms have largely depleted excess inventories from the past 18 months and are now returning to the expected expansion for this time of the year. The rebuilding of inventory is particularly noticeable in specific sections of the supply chain.

Economic Impact: While the U.S. economy is continuing to boom, weakness in the other economic engines of the global economy could cause some headwinds—particularly in sectors like agriculture that are heavily reliant on exports. That being said, the divide between the U.S. and Chinese spheres of economic influence is growing as the world’s two largest economies continue to disentangle from one another. Despite the increase in jobs in October, Transportation and Warehousing jobs were down 12,000 positions—perhaps suggesting somewhat muted spending on goods in Q4.

Warehousing and Transportation: Despite the slight move back towards expansion in inventories, two of our three warehousing metrics remain fairly consistent with September’s readings. Warehousing Capacity is down slightly (-0.3) to 57.0. Warehousing Prices are also down (-0.5) to 70.7—although it should be noted that any number above 70.0 is still a significant rate of growth. The biggest move we see is for Warehousing Utilization which is up (+6.0) to 66.9, which is its fastest rate of expansion since February when firms were still winding down their excess holiday inventories. At this point it seems likely that the warehousing market will avoid any type of recession that would be similar to what we saw in transportation markets.

Visit https://www.naylornetwork.com/cscm-nwl/pdf/October_2023_LMI.pdf to view the full article online.

Edge Conference

Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=807799&issueID=100060 to view the full article online.

New EDGE 2024 Sponsorships Available ─ Plan for Nashville Today!

Get your brand in front of thousands of supply chain management professionals in 2024. To learn more about available EDGE 2024 sponsorship opportunities email Chuck Martinez at sponsorship@cscmp.org or +1.305.661.2896.

Visit https://www.cscmpedge.org/website/48864/edge-2024/ to view the full article online.

Exhibit at EDGE 2024 ─ Music City is Ready to Sing Your Solutions!

Engage at the EDGE 2024 Supply Chain Exchange Exhibition and display your technologies and/or innovations in front of 2700+ supply chain decision makers. Secure your spot at this real-time, fully integrated event by contacting Halley LoBello and the EDGE team to learn more at halley@supplychainquarterly.com.

Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=807796&issueID=100060 to view the full article online.

Roundtables

November 28, 2023
Samaritan's Purse Community Volunteering

Hosted by Dallas/Fort Worth Roundtable

December 01, 2023
State of Supply Chain Sustainability 2023

Hosted by Philadelphia Roundtable

December 07, 2023
Atlanta Roundtable 2023 Holiday Party

Hosted by Atlanta Roundtable

December 07, 2023
CSCMP Charlotte Holiday Social
Hosted by Charlotte Roundtable

December 13, 2023
Annual CSCMP Cleveland Holiday Party
Hosted by Cleveland Roundtable

January 09, 2024
Managing Challenges in High Velocity Supply Chains

Hosted by San Francisco Roundtable

January 16, 2024
Supply Chain Information Excellence
Hosted by Cleveland Roundtable

January 17, 2024
US Cold Storage Facility Tour
Hosted by Atlanta Roundtable

January 18, 2024
McMurray Stern Tech Center Facility Tour
Hosted by Southern California Roundtable

January 30, 2024
CSCMP-CLE Networking
Hosted by Cleveland Roundtable

Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=807468&issueID=100060 to view the full article online.

CSCMP Center for Advancement of Talent & Training (CATT)

Donate to CSCMP's Ukraine Logistics Operations Relief Fund

In April 2022, CSCMP and the CSCMP Ukraine Roundtable established the CSCMP Talent Center (recently renamed CSCMP's Center for Advancement of Talent & Training or CATT) Ukraine Logistics Operations Relief Fund to support the collection and distribution of medical and food relief to the millions of people affected by the war in Ukraine. The CSCMP Ukraine Roundtable is made up of supply chain professionals who invest their volunteer time in promoting and delivering educational events. With the war in Ukraine, they turned to serving the needs of people by collaborating with pre-qualified logistics service providers delivering food, clothing, and medicine.

We stand with our CSCMP Roundtable community in Ukraine, our members, friends, and colleagues and support their right to live peacefully in a sovereign, free country without the threat of coercion. The CSCMP Ukraine Logistics Operations Relief Fund remains open for ongoing tax-deductible contributions to support the logistics relief operations in war-ravaged Ukraine. Contribute to the fund today.

Visit https://cscmp.org/CSCMP/Centers_of_Excellence/CATT/CSCMP/Centers_of_Excellence/CATT_Folder/CATT.aspx?hkey=ba5fd076-0783-42ee-9814-1a46c90cabc8 to view the full article online.