
"The logistics sector has begun to enable changes which should benefit manufacturers, retailers and consumers alike," says the new State of Logistics Report — but it may be a bumpy road to get there.
"The logistics sector has begun to enable changes which should benefit manufacturers, retailers and consumers alike," says the new State of Logistics Report — but it may be a bumpy road to get there.
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.
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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