Tuesday, February 09, 2010
Supply Chain Management (SCM) News
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KNOWLEDGE MANAGEMENT TAGS
"Benchmarking"
Global downturn still holding back logistics
Global recession continues to significantly impact company and industry revenue growth projections, new research reveals.
The conclusions come from the 2009 3PL Provider CEO Perspective survey which was presented at the Council of Supply Chain Management Professionals Annual Global Conference by survey author, Dr Robert Lieb, professor of supply chain management at Northeastern University, and Joe Gallick, senior vice president of sales for Penske Logistics.
Last year's results showed some of the lowest revenue growth projections ever seen in the history of the survey, but this year executives cite the global recession for becoming even more modest in their company and industry forecasts. However, in spite of these continued pricing pressures and volume volatility, more than 70 per cent of third-party logistics providers reported launching new sustainability initiatives.
"This year's survey results underscore the caution and anticipation felt by 3PL executives as they wait for signs of a global economic recovery," commented Lieb.
"Yet, despite bearish growth projections and acknowledgement that consolidation, pricing pressures and operational reductions were, and may continue to be, necessary adjustments, the opportunities for improved collaboration with customers, expansion into emerging markets and the possible addition of new management talent have many excited about the next several years."
"The past 12 months have posed unprecedented challenges for logistics providers around the world and yet opportunities for developing collaborative partnerships with customers have never been greater," added Vince Hartnett, president of Penske Logistics.
"But in that time we have all learned a great deal and made business adjustments that have undoubtedly positioned the industry for steady growth and continued success as the economy rebounds."
The findings, sponsored by Penske Logistics, analyse responses from 35 third-party logistics company CEOs across North America, Europe and Asia-Pacific whose companies were responsible for generating approximately $64bn in revenue in 2008.
Procurement Tag - Benchmarking
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