“As this report goes to print in June,” its five authors advise, “prices for road, air, and ocean have declined from all-time highs with demand taming, but oil prices are holding far above historical averages, and supply chains remain vulnerable to COVID flare-ups. The longed-for relative certainty and stability have yet to appear.”
An excerpt from the according to the latest annual State of Logistics Report.
Key findings:
Business inventories dropped to near-historic lows
Efforts to increase “multi-shoring” are expected to accelerate.
Residual challenges of the pandemic remain
Last-mile delivery volume is trending upward
Trucking freight continues to see more volume and opportunities.