supply chain

Penske Logistics will once again take part in the upcoming Council of Supply Chain Management Professionals (CSCMP) EDGE conference. Penske will be an exhibitor, topflight sponsor, and feature several experts during the conference educational sessions.

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The U.S. Environmental Protection Agency (EPA) SmartWay program has named Penske Logistics a 2023 High Performer among mixed truck carriers in the carbon recognition category. Less than 10% of eligible fleets qualify for this designation.

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Penske Logistics is a 2023 Quest for Quality Award recipient, in the Third-Party Logistics Provider (3PL) Value-Add category. Logistics Management magazine published that Penske was the leader in two areas of the Value-Add category: Order fulfillment and logistics information systems.

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Global volatility has continued to disrupt supply chains, and flexibility, efficiency and resilience are vital for companies throughout the logistics sector. Third-party logistics providers have played increasingly significant roles with shippers, providing data management, visibility and analytics that are helping to transform supply chain networks.

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Penske Logistics is ramping up its freight brokerage capabilities this year with increased hiring and the opening of two new locations in the United States. Penske has introduced new offices in Chicago and Edison, New Jersey.

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With a month until the official start of the Atlantic hurricane season, now is the time to get ready for potential storms, as preparation is key to keeping you and your property safe.

National Hurricane Preparedness Week, April 30 – May 6, provides an opportunity to review your safety plans and make any changes long before a storm arrives.

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The 2024 Third-Party Logistics Study survey is now live and is seeking input from supply chain professionals. Please click here to take part. It will close on June 30.

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Steve Beverly, Penske Logistics senior vice president of finance, has been honored by Supply and Demand Chain Executive with the 2023 Pros to Know Award. The annual Pros to Know award recognizes outstanding executives whose accomplishments offer a roadmap for other leaders looking to leverage the supply chain for competitive advantage, according to the publication.

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The supply chain continues to deal with ongoing disruptions, which have become increasingly numerous, larger in scale and more simultaneous. While technology plays a critical role in keeping products moving, 3PLs and shippers can’t overlook the value of getting back to basics and focusing on core supply chain principles that have proven successful time and time again.

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Penske Logistics has announced the 24 recipients of its 2022 Freight Management Carrier Awards program. This year the event took place at an awards ceremony in Phoenix. Category winners were selected from among Penske’s base of trucking carriers operating within its freight management operations. There are several award qualifications: A Penske Logistics enterprise scorecard combined with customer, operations and sourcing feedback.

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Penske Logistics has earned entry onto the 2022 Top Food Chain Providers listing, as announced by Food Chain Digest, the official publication of the Food Shippers of America.

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Penske Logistics has been recognized by the U.S. Environmental Protection Agency (EPA) SmartWay program as a High Performer in a pair of clean transportation categories. Penske earned the listing in the Truck Carrier Carbon Metrics and Logistics Freight Management categories.

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Jamie Rigot, vice president of dedicated contract carriage operations for Penske Logistics, has been named among the winners of Supply & Demand Chain Executive’s 2022 Women in Supply Chain Award. The award honors female supply chain leaders whose accomplishments and mentorship set a strong foundation for women at all levels of a company’s supply chain.

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Throughout 2021, surging demand, tight capacity, supply chain disruptions and inflation kept intense pressures on the logistics sector, but a stuttering rebalancing of demand and supply is currently underway as the economy has slowed. However, those within the logistics industry should continue to expect the unexpected and focus on collaboration and contingency planning within their operations as they work towards greater stability.

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READING, Pa., Sept. 19, 2022 – Amidst the growing uncertainty of today’s global supply chain, the 2023 Annual Third-Party Logistics Studywas released today, giving insight into the challenges and opportunities facing suppliers and third-party logistics providers (3PLs). The publication, created in conjunction with NTT DATA, supply chain professor and researcher Dr. C. John Langley and Penske Logistics, examines back-to-basics principles for supply chain professionals, the ongoing talent crisis and the rise of reverse logistics.

Key findings include:

  • Getting Back-to-Basics: While innovative technologies, globalization and growing access to data have all helped transform the supply chain, they have also created complexity, disconnects and competing priorities. A return to the fundamental principles governing supply chains is underway. “The Seven Immutable Laws for Supply Chain Success,” helps organizations shift back-to-basics by focusing on the core principles needed to achieve current and future supply chain success. Of these principles, both shippers and 3PLs rated data and analytics, customer focus, and innovation and transformation, as the most important in achieving future improvement in their organization’s supply chains.
  • Understanding the Talent Crisis: The supply chain industry has been hit hard by labor shortages, with 78% of shippers, and 56% of 3PLs, reported that labor shortages have impacted their supply chain operations. Hourly workers (e.g., pickers and packers) and licensed hourly workers (e.g., truck drivers and equipment operators) continue to be the hardest roles for companies to hire and retain. Many see the talent shortage as a long-term issue, with 27% of shippers, and 29% of 3PLs, reporting they believe there has been a permanent shift.
  • Tapping into the Potential of Reverse Logistics: Often neglected as the back half of the supply chain equation, reverse logistics has since become an integral part of both the B2B and B2C buyer experience. Consumer-focused shippers rated the returns experience as being extremely important (75%) to consumer loyalty, and both consumer-focused shippers (65%) and business-focused shippers (60%) noted that return expectations are growing. As buying habits continue to shift reverse logistics represents a key opportunity to boost efficiency and improve consumer satisfaction.
  • ESG Surges: Corporate Environmental, Social and Governance (ESG) continues to be a top priority for today’s supply chain. However, only 22% of shippers and 17% of 3PLs rated themselves as a trailblazer and a leader in ESG. Conversely, 45% of shippers and 41% of 3PLs rated themselves as average in their ESG targets. This discrepancy suggests that both shippers and 3PLs may be misaligned in implementing their ESG efforts.

Langley stated: “The Annual Third-Party Logistics Study identifies and provides insight into key issues and challenges facing 3PLs and shippers. Although these organizations are all dealing with unprecedented change and volatility in the global marketplace, they continue to improve and create value for their end-user customers and consumers. Hopefully, this year’s study topics and results inspire further efforts to improve our supply chains via the benefits of successful 3PL-customer relationships.”

Andy Moses, senior vice president sales and solutions, Penske Logistics: “This year’s study findings present a robust view of the challenges and opportunities shippers and logistics providers are facing in rebalancing the supply chain. Attracting and retaining talent in the supply chain remains of central importance to shippers and logistics providers. There are talent needs industrywide from airline pilots, ship captains, truck drivers, and warehouse workers to engineers and technology professionals. People remain central to an efficient and functional supply chain to meet society’s needs.”

Sylvie Thompson, vice president, consumer brands, retail, and distribution practice leader, NTT DATA Services: “I believe we are facing a talent pool crisis and until we can attract new talent into the profession—at all ages and levels—our ‘talent crisis’ will continue. Further, we are all aware of the lack of women in senior levels within supply chains, but diversity is more than gender. Our talent pool is not representative of the communities we work in nor where our teams live. We need to not only expand our pool from a numbers perspective but also from a diversity perceptive.”

Dating back to 1996, Dr. Langley initiated research to capture and measure this evolving industry and resulting studies have documented the transformation of the third-party logistics industry. The study and past versions are available for download at www.3PLStudy.com.

The study was released at this year’s Council of Supply Chain Management Professionals (CSCMP) EDGE conference in Nashville, Tennessee.

Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia. Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. To learn more visit: www.penskelogistics.com.

NTT DATA – part of the NTT Group – is a trusted global innovator of IT and business services, headquartered in Tokyo. We help clients transform through consulting, industry solutions, IT modernization and managed services. NTT DATA enables clients to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local expertise to operate in over 50 countries. Visit us at nttdata.com.

While the past year has brought some stability back to selected areas of the supply chain, global businesses continue to face volatility and uncertainty. Even supply chains that are well-equipped with talent, technologies, and financial resources have experienced significant challenges, and the quality of relationships between third-party logistics providers, and shippers, is a vital component of overall supply chain success.

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In today’s world, nearly every aspect of daily life is made possible because a truck driver delivered the goods and resources people need. And as our world faced unprecedented challenges throughout the coronavirus pandemic, it was our resilient and committed truck drivers who kept our businesses, grocery stories and hospitals stocked with the essential items needed to keep us safe.

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As the world faced unprecedented and uncertain times over the past two years, truck drivers helped hospitals, medical offices and stores stay stocked with the essentials needed to stay healthy and safe.
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The Council of Supply Chain Management Professionals (CSCMP) annual EDGE conference takes place soon and Penske Logistics will have a major presence there. The company will serve as an exhibitor, top event sponsor, and feature three company officers offering their knowledge at educational sessions.

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