"These are good times for the logistics industry, but a shortage of everything from truck drivers to rail equipment threatens to derail momentum."
That is the conclusion of the 26th State of Logistics Report. The Council of Supply Chain Management Professionals (CSCMP) released its Annual report, presented by Penske Logistics, during a press conference, June 23, 2015, at the National Press Club in Washington, DC. The event also included a panel discussion of industry executives from BNSF Railway, Boeing, Domino’s, Penske Logistics, Sustainable Supply Chain Consulting, and Yusen Logistics.
“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 chief executive officer of CSCMP. “Knowing how logistics and supply chain costs affect and are affected by the larger economy is a key part of this understanding. We are grateful for the support from Penske Logistics in issuing this critical industry intelligence.”
The outcomes of this report are widely used by supply chain management and logistics professionals and organizations as the premier benchmark for US logistics activity.
Highlights of the State of Logistics Report 2015
As consumer spending increased, freight levels climbed as retailers replenished inventories. Consumers had been the missing component in the recovery from the Great Recession, but in 2014, they began returning to the marketplace
“Today’s market-leading companies use their supply chains to drive innovation and competitive advantage,” stated Marc Althen, president of Penske Logistics. “This, in turn, drives demand for logistics providers. While demand for logistics is increasing, the industry faces a talent shortage and needs more logistics engineers, technology professionals, warehouse workers, and truck drivers to meet the needs of current and evolving freight fulfillment models businesses and consumers rely on for their goods and services.”
Since 1963, the Council of Supply Chain Management Professionals (CSCMP) has been the leading worldwide professional association dedicated to education, research, and the advancement of the supply chain management profession. With more than 9,000 members globally, representing business, government, and academia from 62 countries, CSCMP members are the leading practitioners and authorities in the fields of logistics and supply chain management.
Download the full report here.