This infographic about the Logistics trends 2015 is taken from the newest edition of the Accenture Spend Trends Report, a quarterly strategic report that brings together the best thinking, insights, and intelligence from their global team of more than nine hundred category specialists.
A page of the report is dedicated to the trends in logistics, with this infographic highlighting the current trends. The report also digs into the possible trends for the future.
Logistics Teams Forced to Adapt to Unprecedented Market Volatility: In early 2014, shippers were adjusting to a persistent reality: steadily rising logistics costs driven by rising freight demand, very tight truckload market supply, high fuel costs, and driver hiring and retention challenges. But several prevailing trends abruptly changed, and shippers have had to adapt to a volatile operating environment. Oil prices started their more than 50 percent slide, and the threat of a major West Coast Port work stoppage loomed. Shippers diverted some cargoes to East Coast ports and supply networks are still adapting to those new flows. North American energy production is falling in reaction to falling oil and gas prices and this is opening up some rail capacity and reducing competition for drivers in some markets. And with the West Coast port strike resolved, shippers with West-bound freight may have a savings opportunity as carriers offer enticing rates to get the truck capacity they need to move backlogged cargo at the ports. More broadly, spot rates look favorable on a year-over-year basis, thanks in part to lower fuel costs, but the strong U.S. dollar is likely to support continued imports and freight volumes, and there is no telling where the next market shock will come from. Is your team prepared?
Key Action: The lesson of the past year is that shippers need incredible flexibility to respond to market volatility. We are working with clients to proactively look at various supply chain network design options to prepare for potential shocks and take advantage of local market opportunities like short-term supply/demand imbalances that produce temporarily favorable rates. The recent volatility in the logistics market is likely here to stay, but volatility also provides opportunity after suffering through an extended period of rising rates. (Source: Accenture Spend Trends ReportAccenture Q1 - Ed Sands, Scott Youngs )