3PL CEOs are optimistic about growth prospects, according to annual survey
A focus on growth, regardless of its pace, was a key underlying theme in the results of the 20th Annual Survey of Third-Party Logistics CEOs, which was released last week in conjunction with the Council of Supply Chain Management Professionals (CSCMP) Annual Conference in Denver.
in the NewsFreight data is starting to tell a pretty good story PMMI membership reaches record levels Automate 2017 show breaks records Diesel prices drop slightly, reports EIA Finding Agility in your Workforce: Are you prepared to meet the next market shift? More News
The 20th Annual Survey of Third-Party Logistics Provider CEOs revealed that despite a slow economy, North American CEOs have their sights set on growth, expecting their companies to increase revenues by an average of 14.6% over the next three years.
Conducted by Dr. Robert Lieb, professor of Supply Chain Management at Northeastern University, the survey was sponsored by Penske Logistics. This year, 3PL CEOs, surveyed in North America, Europe and the Asia-Pacific regions, are generally optimistic about company and industry growth prospects over the next one and three-year periods. North American and European CEOs forecasted higher three year company revenue growth projections than last year, 14.6% and 10.3%, respectively. For the three-year period, Asia-Pacific CEOs projected 11.6% growth, down from 12.5% in 2012.
Click here to read the full story on the Logistics Management website.
About the AuthorJeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman
Subscribe to Modern Materials Handling Magazine!Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!
2017 Warehouse/DC Equipment Survey: Investment up as service pressures rise Putaway 101: Everything in its Place View More From this Issue