What Is the Current State of Logistics?
The report shows that the logistics industry has been struggling in some major ways, including “increased transit times, capacity constraints, rate volatility in ocean freight (leading to longer home package delivery times and delays), and a greater reliance from third-party logistics providers to deliver end-to-end support,” according to a press release.
“In a world defined by disruption, resilience is what ensures continuity, enabling agility and long-term durability. And as AI and automation drive down the cost of building resilient supply chains, the greater risk now lies in standing still.” – Korhan Acar, Kearney partner and lead author for the State of Logistics Report
Evolving technology and rising costs alone are enough to cause issues, and being resilient will prove to be the best way for logistics businesses to weather the storm.
