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The Annual State of Logistics Report®, has tracked and measured all costs associated with moving freight through the U.S. supply chain since 1988. Each year, the report presents an overview of the economy during the past year, the logistics industry’s key trends, and the total U.S. logistics costs for the previous year and lays out future and potential trends. Here are some of the key highlights of the 29th Annual State of Logistics Report®: • United States business logistics costs, also known as USBLC, is at $1,1494B or 7.7% of Nominal GDP in this year's report. • The costs of shipping goods and services is rising, as seen by increased capacity rates, which is leading to higher supply chain costs for corporations, and the consolidation of smaller trucking and logistics companies that cannot keep pace. Challenges in this space have resulted in high-level technological innovations that have shaken the industry out of outdated stereotypes. Rising fuel costs also factor into the equation. • The continued growth of e-commerce pushed parcel shipment volume up by 7% in 2017, to nearly $100 billion; forecasts expect that to rise at similar levels for the next few years. This has a strong effect on the supply chain, in the areas of more visibility for both the corporation and the customer; the need for more warehousing which in many cases will be smaller and closer to large population centers; and designing more responsive and flexible logistics networks, just to name a few. • There is a continuing truck driver shortage in the transportation industry, which has a multitude of effects, one of which could be slower package delivery times for Americans, who by the day order increased goods and services online. Trucks transport 70% of consumer goods in this country. • Speaking of technological innovations in the supply chain, here are several exciting concepts that look to have high impact across the next decade: uberization of freight; blockchain; fully autonomous trucks; artificial intelligence applications; truck platooning; electric vehicle fleets; autonomous mobile robots; and drone and unmanned aerial vehicle delivery systems. The report for the last 29 years has provided a snapshot of the national economy through the lenses of the all-important supply chain and is accomplished through a rigorous compilation of leading logistics intelligence around the world; a spotlight on industry trends; while offering key points of view on the supply chain sector. This report is a CSCMP member benefit. Click below to download your complimentary copy of the full report today. Visit http://www.naylornetwork.com/cscm-nwl/pdf/Steep_Grade_Ahead_6.19.2018_7amET.pdf to view the full article online.
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Over the past few years, CSCMP and NASSTRAC, a professional organization focused on shippers and transportation, have been working closely together on a variety of projects and discovered that there were significant synergies between the two associations and felt that there were opportunities for the two to complement one another and provide additional value to their respective members in meaningful ways.
"NASSTRAC's focus on transportatoin, given the environment, the dynamic around transportation, and a focus on it, will help us bring more education, content and thought leadership to that part of the supply chain. From CSCMP's Annual State of Logistics Report, we know that transportation is 65% of the total logistics cost. This match makes a lot of sense for our combined membership and for the scale and focus that it will bring." Rick Blasgen, CEO and President, CSCMP.
"NASSTRAC's focus on transportatoin, given the environment, the dynamic around transportation, and a focus on it, will help us bring more education, content and thought leadership to that part of the supply chain. From CSCMP's Annual State of Logistics Report, we know that transportation is 65% of the total logistics cost. This match makes a lot of sense for our combined membership and for the scale and focus that it will bring." Rick Blasgen, CEO and President, CSCMP.
Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=507757&issueID=58955 to view the full article online.
In our first episode, Nichole Mumford, Director of Marketing and Professional Development, CSCMP, and Brad Blizzard, Executive Director – Logistics, and President of Bridgestone Americas Fleet Operations, LLC, discuss the unique supply chain footprint in Nashville and touch on some of the biggest challenges facing supply chain professionals today. Click "Learn More" for more details and options for listening. Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=507959&issueID=58955 to view the full article online.
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1) Freight volumes are expanding across the board due to the strong U.S. economy. 2) A nationwide driver shortage leaves fewer drivers on the road overall. 3) Electronic logging device (ELD) policies implemented in late 2017 mean drivers are on the roads less hours than they used to be. As a result, there’s more freight to ship and fewer people — operating under more strictly regulated hours — to move it where it needs to go. Soaring freight rates, which cut into everyone’s earnings, are just one consequence of high demand and low supply. A significant capacity crunch has shifted the balance of power away from shippers to carriers, giving rise to the buzzword "shipper of choice." About the author: Doug Frank, Senior Vice President, Procurement, GEODIS Americas, is a former Captain in the US Army with 30 years of supply chain industry experience. Since joining GEODIS in 2011, Doug has led the carrier management, transportation solution design, financial settlement and procurement teams. CSCMP Hot Topics are a member benefit. Click the link below to download your copy of this month's CSCMP Hot Topic, What It Means to Become a 'Shipper of Choice'. Visit http://www.naylornetwork.com/cscm-nwl/pdf/18_CSCMP_HotTopics_June4.pdf to view the full article online.
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