Council of Supply Chain Management Professionals

Longer-term contracts, data sharing, and a focus on value-creation in the supply chain are growing concerns for today’s 3PLs and their shipper customers.

Many of the concerns from earlier this year have dissipated and shippers are beginning to look for lengthier contracts with stable rates

Total U.S. logistics costs soared to $2.3 trillion last year, growing 19.6% from 2022 and now representing 9.1% of the nation’s Gross Domestic Product (GDP), according to the newest State of Logistics report.

American supply chains are out of sync while adjusting to short-term changes in demands. But logisticians continue to seek long-term solutions to supply chain issues, an authoritative new report predicts. But the biggest headline from the 2022 State of Logistics (SoL) report unveiled today at the National Press Club in Washington shows that U.S. business logistics costs rose by a whopping 22.4% to $1.85 trillion last year. That represents 8% of 2021’s $23 trillion Gross Domestic Product (GDP).

CSCMP report, produced by Korn Ferry and presented by Penske Logistics, finds close to 60% of respondents pursue supply chain career due to its beneficial societal impact

Study by ToolsGroup and the Council of Supply Chain Management Professionals found only 3% of companies experienced no COVID-related business impact, while 42% say the pandemic has accelerated their digitization plan

Provider of SaaS-based solutions, including spend analytics, will be participating extensively in the organization’s executive forums, roundtables and webinars.

The Council of Supply Chain Management Professionals (CSCMP) recently announced that President & CEO Rick Blasgen is retiring from CSCMP as of March of 2021. “For the past 15 years, Rick has dedicated his life to the membership of CSCMP and its staff. Without question, he is the identity of CSCMP to thousands around the world,” the organization stated.

A major theme of the 2021 25th Annual Third-Party Logistics Study, which was released today at the Council of Supply Chain Management Professionals (CSCMP) EDGE virtual conference today, focused on how supply chains have a clear focus on reinventing themselves, in light of the ongoing COVID-19 pandemic. This survey was again released and created and supported by Infosys Consulting, Penn State University, and Penske Logistics. And its findings were based on feedback from several hundred usable responses from shippers, or users...

Given the challenges and complexities that the ongoing COVID-19 pandemic has brought about in freight transportation and supply chain sectors, it goes without saying that things are different these days, to be sure.