Data and insights in the 34th Annual Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report® help shippers and carriers plan their business strategy for the remainder of 2023 and beyond.
The 34th Annual State of Logistics report, titled "The Great Reset," focuses on building long-term resilience to serve customers through multiple distribution channels.
Top findings in this year's report include:
- U.S. business logistics costs (USBLC) increased. USBLC is now $2.3 trillion, compared to $1.85 trillion last year, representing 9.1% of national gross domestic product (GDP).
- E-commerce sales are not slowing even as consumers return to stores. The e-commerce market grew by 8% to $1.03 trillion and is now 14.5% of the entire U.S. retail market.
- 3PLs are investing in technology offerings, as opposed to shippers. Respondents indicated that 96% of 3PLs have migrated to the cloud (shippers indicated 86% of them have), while 80% of 3PLs are investing in IoT (77% for shippers).
- Reshoring continues. American imports of Mexican manufactured goods have grown by 26% (dating back to spring 2020) according to the Kearney Reshoring Index.
