Data and insights in the report help shippers and carriers plan their business strategy for 2025 and beyond.
The 36th Annual Council of Supply Chain Management Professionals (CSCMP) State of Logistics Report, titled Navigating Through the Fog, indicates that businesses continue to navigate a continually changing landscape.
Top Findings in This Year's Report Include:
- U.S. business logistics costs are $2.6 trillion, which amounts to 8.7% of the national GDP.
- The logistics industry recovered in some areas, but was also marked by flat business volumes, excess truck capacity and rising operational costs.
- E-commerce continues to grow, with global online retail sales nearing $6.3 trillion.
- Ocean freight transit times, capacity constraints and rate fluctuations have increased due to geopolitical tensions, proposed and enacted tariffs, and shifting trade regulations.
- Mexico overtook China as the United States’ largest trading partner in 2024. Transactions between the U.S. and Mexico topped at a record $840 billion, a 6% year-over-year improvement.
- Technology investment continues to be an essential component of the modern supply chain. Data analytics, artificial intelligence as well as robotics and automation are among the headliners supply chain leaders are working on.