The cost of logistics in the US rose by nearly US$100 billion in the past year, to $1.4 trillion, a record high for the fourth consecutive year and the equivalent of over 10 per cent of the US gross domestic product, according to the Council of Supply Chain Management Professionals (CSCMP). This represents a jump of 7 per cent from the $1.3 trillion in costs for the previous year.
“For the second year in a row the US supply chain industry has had to operate in a soft demand environment, with soaring fuel prices and even more pressure to perform efficiently,” said transportation consultant Rosalyn Wilson, author of the annual State of Logistics Report forthe CSCMP.