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What does 2024 have in store for logistics and supply chain professionals? We take a comprehensive look at freight transportation and market trends in our latest article https://hubs.li/Q02gMRY00 #logistics #supplychain #freight

$18 Trillion Logistics Market! The global logistics market was around $7.98 trillion in 2022. It is expected to reach $18.23 trillion by 2030, growing at a compound annual growth rate of 10.7% from 2023 to 2030. The North American logistics market was reported at around $1.97 trillion in 2022, while Asia-Pacific's logistics market was worth $3.48 trillion. The Asia-Pacific region leads the freight and logistics market and is projected to be the fastest-growing region between 2023 and 2030, growing at a compound annual growth rate of 11.9%. Europe is expected to grow at a compound annual growth rate of 10.2% during 2023 and 2030.

This Freight Waves article discusses the persistence of high logistics inflation in the U.S. despite an 11% drop in costs in 2023, with logistics expenses still high due to previous sharp increases. The logistics cost to GDP ratio decreased slightly, indicating improved efficiency. However, challenges such as supply chain volatility, high interest rates affecting investments, and shifting freight demands persist. Tightening capacity in air and ocean freight and evolving logistics strategies are also noted. ♦ How C & C Logistics Brokerage, Inc. Help ♦ ♦ Enhanced Flexibility: We offer robust and adaptable transportation and warehousing solutions to mitigate disruptions and manage supply chain volatility effectively. ♦ Technology Integration: Utilizing cutting-edge technology, we enhance visibility, optimize routes, and improve overall supply chain efficiency to combat high logistics costs. ♦ Diverse Service Portfolio: With services spanning Full Truck Load, LTL, Dry Van, Flat Bed, and Temp Controlled shipments, we ensure comprehensive coverage for all logistics needs, adapting to changing market demands. Strategic Partnerships: By partnering with top-rated carriers, we provide reliable and efficient transportation solutions, even as capacity tightens in the market. ♦ Financial Stability: Our strong financial foundation enables continuous investment in advanced logistics technology and infrastructure, ensuring sustained, high-quality service despite economic fluctuations. C & C Logistics Brokerage, Inc. is well-equipped to help customers navigate the current challenges in the logistics landscape.

In the modern globalized economy, supply chain management has become one of the core elements of corporate competitiveness.

Looking for Ways to Navigate the Choppy Waters of Global Logistics in 2024? 🌎 How can you tackle disruptions and spot new chances? Our latest supply chain update acts as a GPS in global logistics. It highlights current challenges and strategies to lower risks. We are sharing the outlook for the near future and tips to improve the journey. Ready to face these challenges? ▶️ https://hubs.li/Q02Gy87N0

Supply Chain and Logistics is known for being one of the most fast paced industries, which means it’s vital for companies to stay on top of, if not ahead of any changes that are happening. Take a look at https://lnkd.in/eeM_Amre to see what many predict will happen as we move through this year and let us know your thoughts!

Our latest article discusses the recent resurgence in container shipping costs and provides strategies for businesses to navigate this new normal. It highlights the reasons behind the cost increases, including supply chain disruptions and changes in consumer demand post-pandemic. We also offer advice on how companies can adapt their logistics strategies to manage higher costs effectively and maintain efficiency in their shipping operations. Learn more at https://lnkd.in/gPw8b2w8.

Our latest article discusses the recent resurgence in container shipping costs and provides strategies for businesses to navigate this new normal. It highlights the reasons behind the cost increases, including supply chain disruptions and changes in consumer demand post-pandemic. We also offer advice on how companies can adapt their logistics strategies to manage higher costs effectively and maintain efficiency in their shipping operations. Learn more at https://lnkd.in/gPw8b2w8.

📈📉❓ The broader economic environment continues to influence the freight market. The recent uptick in real median household incomes supports consumer spending, a crucial driver of freight demand. However, the ongoing economic impact on freight is complex, with uncertainties surrounding future supply chain trends. 📃 Learn the latest trends happening in the logistics industry in our September Market Update: https://lnkd.in/gxv9QhXb #3pl #freight #supplychain #logistics #marketupdate

Manufacturers are navigating a complex landscape of supply chain challenges that impact productivity and profitability. As you plot out your budget for 2025, what are some of the hurdles that you anticipate your operation will face? ⚙ Raw Material Scarcity – Shortages can disrupt production schedules and lead times. This can be exacerbated by rising costs for commodities and global transport 🚛 Freight Costs Rising - Post pandemic surges in eCommerce have introduced new competition for resources. The demand for shipping containers has outpaced supply and gets passed to manufacturers through pricing. ⛓Supply Chain Visibility – Without real-time visibility and adequate coordination with supply chain partners delays and the ability to solve for them continue to persist. 🌍 Economic and Political Uncertainty – Between global political tensions, economic shifts, and natural disasters there are literally layers of unpredictability in the to supply chain. 🔬 ERA Group manufacturing specialists provide meaningful insights regarding market conditions, potential impacts on procurement, and supply chain planning. The additional cash flow that we uncover can help offset the costs associated with rising labor costs. DM me to learn how ERA Group can provide you with #ValueThroughInsight. #manufacturing #logistics #supplychain #strategicplanning