The global logistics industry generated $9.83 trillion in 2022, meaning the sector will experience a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.
Leveraging analytics software with supply chain data helps shippers predict freight market trends, lower operating costs, negotiate rates more effectively and respond to disruption quickly.
Karen Betancourt, former vice president of enterprise logistics with Cardinal Health, summarizes takeaways from the Global Supply Chain Marketing Summit, presented by SupplyChainBrain and CSCMP.
A 10-day strike of 340,000 workers would reportedly result in over $1.1 billion in lost direct wages and more than $7 billion in total economic losses.