I don't know anyone who would argue with the assertion that supply chain operations must be highly dynamic and adaptable in order to succeed in today's fast-changing markets. Why is it, then, that pricing of transportation and other supply chain services remains a largely static process, based on annual bids and static routing guides that can never do more than reflect a single snapshot in time of a company's freight volumes and flows?
Total U.S. business logistics costs in 2012 rose to $1.33tr, up 3.4 percent from the year before, but remaining at 8.5 percent of the U.S. gross domestic product, according to the 24th annual State of Logistics Report released by the Council of Supply Chain Management Professionals and presented by Penske Logistics.
Penske Logistics has become a sponsor of the 2014 edition of the annual Third-Party Logistics Study, joining Capgemini Consulting, Penn State University's Center for Supply Chain Research, Korn/Ferry International and eyefortransport.