The future of cold chain logistics is almost always in transition: from growth to slow-downs, modified trends to shifted needs from customers. After two considerably slow years for the industry in 2014 and 2015, shipping providers are eager to see a new era for logistics.
That new era might be closer than we think: the Council of Supply Chain Logistics released its 27th Annual State of Logistics Report and suggested a shift to a more sound logistics industry. The report documented the positive changes in the logistics market from last year. This showed providers it may be time to accommodate accordingly.
In this year’s report, what began as lulls in traffic and a rise in costs for businesses has accelerated into a cost efficient system. This includes having services available in plenty, with agreeable pricing and rationalized demand. The report mentioned an increase in supply chain transparency as it continues to grow. Another highlight was technological changes for 3PLs, helping enable more efficient production of data to drivers and coordinators alike.
What does this mean for providers? An air of excitement looking forward into a stronger industry. This also infers more promising results as the next few months finish out the quarter.