Part of our mission at the Council of Supply Chain Management Professionals (CSCMP) is to develop and disseminate research that helps our members understand how to do their jobs better. Knowing how logistics and supply chain costs affect and are affected by the larger economy is a key part of this understanding. That's why we believe it's important to sponsor the annual "State of Logistics Report," presented by Penske Logistics.
The report, authored by transportation consultant Rosalyn Wilson of Delcan Inc., has tracked and measured all costs associated with moving freight through the U.S. supply chain since 1988. This year's edition provides an overview of the economy over the past year, the logistics industry's key trends, and the total U.S. logistics costs for 2011. It also looks at which industry sectors are recovering, which are facing challenges, and which areas can be targeted for more investment. The research concludes with a brief overview of industry indicators for the rest of 2012.
If I had to summarize the picture painted by this year's report in one sentence, it would be this: Led by trucking and rail transportation, the U.S. supply chain and logistics industry is continuing its slow rebound. After the travails of 2008?2009, that's news we can all appreciate. There's more good news (and some that's not so encouraging) in the report. Here are some highlights:
That's just a fraction of the valuable data included in the "State of Logistics Report." I encourage all of you to get your own copy of this influential research. The report is available free of charge to CSCMP members; nonmembers can purchase it at cscmp.org.
As the U.S. economy continues its rebound, companies that use the statistics and insights contained in the "State of Logistics Report" will be better prepared for the business demands that lie ahead. This research not only identifies macro trends and how they influence logistics and supply chain practices, but also details some of the ways supply chain leaders can capitalize on the recovery. Having this knowledge will surely help supply chain executives make better, smarter decisions in the months ahead.