The Council of Supply Chain Management Professionals, in conjunction with consulting firm A.T. Kearney and Penske Logistics, released its 27th Annual State of Logistics Report during a press conference at the National Press Club in Washington, D.C.
“This highly anticipated report contains the statistics and industry insights that will not only help our members do their jobs better, but also better prepare them for the business demands ahead,” said Rick Blasgen, president and CEO of CSCMP.
The report includes: a focused narrative on the economic environment impacting logistics, insights from interviews with industry leaders, a spotlight on relevant trends and a strategic point of view on the state of the industry.
“It is a dynamic time for the logistics sector – macro economy, new business models, technology – we are pleased to support CSCMP in the development of this report,” said Sean Monahan, A.T. Kearney partner and co-author of the 2016 State of Logistics Report.
The report reveals total U.S. business logistics costs rose to $1.48 trillion in 2015, a 2.6% increase from the previous year, which represents a considerable slowdown from previous years.
“Supply chain transparency continues to grow in importance for shippers and third-party logistics providers,” said Marc Althen, president of Penske Logistics. “This is driving significant technological change for 3PLs and shippers alike as they collaborate and share more real-time information to enable data-driven business decisions and meet the growing needs of consumers.”
Other key observations from the report include:
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