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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. Excerpt from the report's Executive Summary: "Carriers take the wheel in 2017 A logistics industry that entered 2017 amid widespread uncertainty emerged with clear hallmarks of a strong seller's market. Demand revved up quickly, triggering freight capacity shortages that gave carriers leverage to raise prices after years of downward rate pressure. Fueling the turnaround were healthy economic growth, low unemployment, resurgent consumer spending, and anticipated benefits from tax cuts. These forces who no signs of easing in 2018, although new tariffs and fears of trade wars cloud the outlook." 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. Click the "Learn More" link below for more information about highlights from this year's report and to learn how you can access a copy of the report! Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=507957&issueID=66233 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=507958&issueID=66233 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. Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=507960&issueID=66233 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 available for purchase to non-members. Visit https://cscmp.org/store/detail.aspx?id=HT18-SHIPPER to view the full article online.
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