Sponsored by Penske Logistics, the Council of Supply Chain Management Professionsl (CSMP) released their 2010 state of the logistics industry.
Check out this video with Rosalyn Wilson, author of the report.
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The 21st Annual “State of Logistics Report®,” released by the Council of Supply Chain Management Professionals (CSCMP) and presented by Penske Logistics, reveals that, continuing the decline reported in 2008, business logistics costs fell to 7.7 percent of U.S. Gross Domestic Product (GDP) in 2009, as compared to 9.3 percent the previous year. Total U.S. logistics costs dropped again last year showing a significant decrease from 2008. Interest rates remained historically low, and this, combined with lower inventory levels, pushed the interest paid on inventories down over 89 percent from 2008 levels.
The report, authored by Rosalyn Wilson, a transportation consultant for Delcan Corporation, was presented today at the National Press Club in Washington, DC. A panel of senior supply chain executives and academics from BNSF Railway, Covidien, Delcan Corporation, Jones Lang LaSalle, Miami University (Ohio), Penske Logistics, Staples, and Sustainable SC Consulting discussed the implications of the report’s findings on their companies, the logistics industry, and on the economy as it recovers.
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