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Council of Supply Chain Management Professionals

COVID-Scrambled Supply Chains Require More Flexibility Than Ever

After a record-setting year in 2018, where tight capacity led to rate increases for carriers, 2019 was back to a more normal year in freight and logistics, and the industry was poised for a solid 2020—and then the pandemic hit. What this means for logistics and transportation professionals is highlighted in the 31st annual State of Logistics Report from the Council of Supply Chain Management Professionals.

Logistics Costs Climb as Supply-Chain Capacity Tightens

With much thanks to the booming economy, logistics costs incurred by U.S. businesses jumped 11.4% last year, reaching $1.64 trillion– or 8% of the $20.5 trillion gross domestic product of the entire United States in 2018.

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