3PLs look for return of growth as competition grows and revenues fall
3PLs have been facing a bundle of headwinds that have dented revenue growth for the ...
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Although freight rates retreated in most modes last year, supply chains remained eye-wateringly expensive.
According to the State of Logistics report, by the Council of Supply Chain Management Professionals, US firms saw their logistics costs surge to almost 10% of national GDP.
The report, produced with findings from consultancy AT Kearney, notes that logistics costs soared 19.6% last year, to $2.3trn – 9.1% of US GDP.
Far and away the biggest factor was inventory and carrying cost, which almost doubled, going up 90.2%, ...
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