WSJ profile article: (“Global Supply-Chain Problems Escalate, Threatening Economic Recovery”). A crisis?
WSJ profile article: (“Global Supply-Chain Problems Escalate, Threatening Economic Recovery”). A crisis? To quote Winston Churchill: “Never let a good crisis go to waste.” So what are you doing about it? With Transportation costs having gone from an afterthought in many global supply chains to a major source of financial pain, and the WSJ reporting that some executives expect the elevated rates hitting international and domestic transport services to stretch into 2023, now is the time to ask for the resources you have long been denied: the expert systems to reduce the number of trucks you need (AutoO2) or the opportunity to smooth operations and eliminate the need for “Spot” carriers (LeveLoad).
If you need more data – here it is: Transportation costs as a share of the U.S. economy reached 5.1% in 2020, the highest level recorded over the past decade in the annual CSCMP State of Logistics report and have been surging this year. The Cass Freight Index for expenditures reached a record high in August, and was up nearly 35% from August 2019.
BTW – Oil is now over $80/barrel – watch Diesel skyrocket in price!