The State of Logistics Report, produced annually for the Council of Supply Chain Management Professionals by global consulting firm Kearney and presented by Penske Logistics, delivers a snapshot of the American economy through the lens of the logistics sector and its role in overall supply chains.
Among the major 2023 report findings:
- A key report statistic, U.S. business logistics costs (USBLC), shows an increase. USBLC now stands at a record $2.3 trillion (it was $1.85 trillion last year), representing 9.1% of national GDP—the highest percentage of GDP ever.
- While consumers are continuing to return to stores, ecommerce sales are not slowing down. In 2022, the U.S. ecommerce market grew by 8%, to $1.03 trillion (it was $871 billion). It is now 14.5% of the entire U.S. retail market.
- Third-party logistics providers are investing more capital into their technology offerings, as opposed to shippers (see chart). Respondents indicated that 96% of 3PLs have migrated to the cloud (shippers indicated 86% of them have), while 80% of 3PLs are investing in IoT (77% for shippers).
- The reshoring movement continues. For a number of businesses, reshoring has gone from a strategic possibility to a market reality. American imports of Mexican manufactured goods have grown by 26% (dating back to spring 2020), according to the Kearney Reshoring Index.
