The Council of Supply Chain Management Professionals (CSCMP) has released its 2024 State of Logistics Report, which highlights the importance of supply chain technologies in enhancing resilience, agility, and flexibility within U.S. supply chains. Emerging technologies such as advanced automation, artificial intelligence, and end-to-end visibility are expected to play a crucial role in the industry’s evolution.
Looking ahead to 2024, the global economy is projected to experience a 2.5 percent growth, underscoring the ongoing importance of efficient and effective logistics operations in supporting economic activity. Third-party logistics providers are facing challenges such as excess capacity, high operating and insurance costs, and low freight rates, while carriers are grappling with a capacity glut, high operating costs, and lackluster demand.
To drive performance improvements, organizations must invest in innovative technologies that can help them optimize their logistics operations. Understanding the insights shared in the State of Logistics Report will be crucial for organizations looking to gain a competitive advantage in the logistics sector and achieve success in the years ahead.
