2019 has been yet another year of change, innovation and growth for Supply Chain. In last year’s CSCMP State of Logistics Report, we reported that since 2008, Logistics costs rose 54%, an average annual increase of $57 billion dollars. In 2018 alone, it increased by $167 billion! Conversely, since 1988, as a percent of GDP, Logistics expense went from 11.5% down to 8%, a reduction of 30%.
These statistics paint of picture of Supply Chain that gives back to the economy. Today’s successful leaders are consumers of relevant and meaningful information which translates to decisions, better decisions. As just one example, the ongoing discussions and negotiations around trade requires one to judge implications to inventory, costs, and of course service to customers.
That means you need to keep a strategic eye on macroeconomic trends, advancements in technology and consumer expectations which have the potential to become either rallying points or disruptors to your business.
Supply chains still roll on despite recessions, natural disasters or border issues. We are the undisputed champions of enabling global trade.
Innovation knocks infrequently, so you’ve got to consciously open the door and welcome it in. Consider the potential impacts of blockchain, artificial intelligence and deep machine learning, drone technology and all of the other tools seemingly being created on a daily basis. I say potential impacts because they only matter if you’re able to incorporate those into your daily operations. Having the ability to discern what matters is increasingly important. Assembling the best team has never been more important. Being a Supply Chain leader requires the ability to focus part of your brain on the future and the other part on routing freight, for example – two ends of the spectrum, from the strategic to the tactical. That’s a rare skillset, as most people tend to be either strategic or tactical by nature. So, you either need to be both or hire both, and that leads us to the requirement to grow or assemble talent.
Supply Chain is still, after all, a people business. All of the whiz-bang trends and technologies are great, but people are greater. If you line up a continuum with the organization on one end and a single employee on the other, my advice is to focus squarely on the middle, which is your supply chain team. If your team is high functioning, if everyone understands their specific role, is trained to perform it and collaborates effectively, then the company benefits and the individual benefits.
What do our emerging supply chain leaders think of our industry? What do they value, and how much does it differ from previous generations?
The Council of Supply Chain Management Professionals (CSCMP) and Penske Logistics set out to answer these questions earlier this year when they surveyed more than 100 young professionals working in the supply chain – all under the age of 30 and either professional or student members of CSCMP. All in all, young professionals say they are satisfied with their career, describing the supply chain as a challenging and rewarding field that offers plenty of room for growth and advancement. Most also say they work in a supportive environment that offers a competitive salary and benefits and allows them to pursue a financially comfortable living.
Learn more about the 2019 CSCMP Young Professionals Survey results and what supply chain professionals under 30 are looking for in terms of their career opportunities.
Job satisfaction, trended more positively in 2019 with 72% of respondents describing their pay as “enough to live on” this year as compared to 87% of respondents in 2017. The data shows what’s most important for companies to focus on today in order to appeal to the young talent looking for a career in the supply chain.
By Andy Stinnes, venture partner with venture capital firm Cloud Apps Capital Partners.
At first blush, it seems like blockchain’s distributed ledger technology could be the perfect solution to many of the supply chain’s problems. But before companies can reap the benefits of this exciting new technology, they must be thoughtful about where to apply it and how to overcome a few key stumbling blocks.
BLOCKCHAIN absolutely seems like the technology innovation supply chain has been waiting for. Why? Well, supply chains are heavily distributed and heterogeneous. No single company “has a supply chain.” Instead, everyone is a member of a highly complex and ever-evolving supply chain network.
In this type of network, you are highly dependent on others: your customers and suppliers, your warehouse and logistics providers, your transport carriers, your brokers and trade banks, your contract manufacturers, your channel partners and distributors. The orchestration of supply chain planning and execution activities across all those partners is paramount, and sharing information effectively is the lubricant that creates a well-oiled supply chain. Currently, however, that orchestration and information sharing is primarily done through emails, spreadsheets and messaging. Why? Because data is scattered everywhere. It’s caged in the silos of each partner’s systems, redundant and in different representations. Everyone is looking at their own “truth,” and data integration between partners is feared like the plague because it is so complex. Collaboration across company boundaries is therefore the undisputed, No.1 unsolved business problem in supply chain.
The Council of Supply Chain Management Professionals (CSCMP) is excited to bring you a new episode of CSCMPodcast: Supply Chain Conversation. Tune in the second Tuesday of the month for the latest trending insights from the industry's top professionals.
In episode 2, CSCMP President and CEO, Rick Blasgen, sits down for a discussion with Kirsten Newbold-Knipp, Chief Growth Officer of Convey, to take a closer look at the evolution of visibility in the supply chain and the real opportunity for automation in the final mile.
Congratulations to the following Rider University students for achieving SCPro™ Fundamentals Supply Chain Management Principles Certifications!
Learn more about SCPro™ Certification.
Peter Mazik is the first student at the College of Lake County to pass the SCPro™ Level One Certification.
Professor Pam Janson of the College of Lake County integrated the principles of the SCPro™ Level One Certification within the Supply Chain Management Capstone Experience at CLC to help students leverage their coursework and real-world experience toward the successful completion of the SCPro™ Certification.
The SCPro™ Bridge Exam was created for professionals that already hold a previously earned credential or advanced degree similar to SCPro™. Take advantage of the early bird discount of $100 off of your registration. Enter code: BRIDGE-EARLY at checkout to receive your discount.
The Young Professionals Emerging Leader Award (ELA)
will start taking nominations
for deserving candidates starting January 6 through February 14, 2020. CSCMP’s Emerging Leader Award recognizes up-and-coming leaders in the supply chain management field for their meaningful contributions to the profession.
To qualify, the nominee must be 32 years of age or under at the time of submission and an active member of CSCMP. Help us acknowledge deserving candidates by nominating an outstanding young professional you know!
The winner(s) are formally awarded live in front of 3,000+ supply chain professionals at CSCMP EDGE 2020 in Orlando, Florida, September 20-23. Mark your calendars to submit your nomination
when the application period opens on January 6!
Echo Global Logistics is a leading provider of technology-enabled transportation and supply chain management solutions. Using their proprietary technology to analyze data from their multimodal network of more than 50,000 transportation providers, they serve the logistics needs of clients in truckload, partial truckload, less-than-truckload, intermodal, expedited, small parcel, domestic air, and international transportation management.
Ever want a chance to share your career story with your fellow supply chain professionals? Now's your opportunity to be front and center on the CSCMP stage. Each year, CSCMP selects 24 members to be showcased on the CSCMP website. This high-profile benefit allows you to share your background, build your profile in the CSCMP community, and grow your network.
If selected to be featured, the membership engagement team will contact you and let you know which month in 2020 your profile will be featured. The deadline to submit an application for the Meet a Member feature is December 31, 2019. For any questions regarding the application please contact us at firstname.lastname@example.org
Education: Northeastern Illinois University, BS in Marketing
Company/Title: Weiman Products/Director of Distribution & Inventory Management
When and why did you join CSCMP?
I joined in December of 2014. I felt I was lacking in my professional networking and education.
What advice do you have for new CSCMP members on how they can maximize their membership value?
Go to the cscmp.org website on a regular basis. It is constantly updated and has great information!
How did you get into supply chain management/logistics?
I started out working as a warehouse temporary for Baxter Healthcare in 1985. If you work hard, there are opportunities for growth in an operations-related field. We can't get enough good people.
Describe your job in a tweet (i.e. 140 characters).
Balancing multi-site international warehousing, distribution, and manufacturing inventory management all in a day's work.
The EDGE 2020 Call for Sessions is open now through February 15, 2020, so get started on your killer session content today.
The Call for Sessions is how CSCMP members contribute their content and speaker ideas to the EDGE conference. If you’ve ever had a topic you were dying to discuss at EDGE, this is your chance to make it happen.
Know a particular speaker who gives a great presentation that you think would be beneficial to EDGE attendees? Perhaps you have the perfect panel in mind or have a must-attend workshop that worked well for your team? Time to share your expertise with 3,000 of your closest supply chain friends at EDGE!
The submission criteria and guidelines are listed on the Call for Sessions website portal
; read them carefully to make sure your submission meets all the requirements and increase your chances of being selected.
The Call for Sessions
is a members-only benefit. Become a CSCMP member today
to participate in the EDGE 2020 Call for Sessions and more!
To usher in the new year and decade, CSCMP's excited to announce the official rollout of our new online mentorship program. As a valuable benefit to members, we are launching an improved mentoring method and process starting in January 2020.
CSCMP’s Mentorship Program will unfold in three phases. The first is the enrollment period
which will run from January 8 through February 24, 2020. The second phase will begin in March; participants will create online profiles and mentees will have the ability to select a partner from the available pool of mentors. The third phase in April will begin the mentoring activities. The mentoring partnerships will run through December 2020.
To qualify for the mentorship program, you must be an active CSCMP member. Mark your calendars to submit your application form
when the enrollment period opens on January 8!
Introduce Your Entire Team to CSCMP with a Custom Corporate Membership Package
CSCMP has membership, education, and event opportunities to help you invest in your team in 2020. Today’s disruptive supply chain industry has companies scrambling to stay competitive, and CSCMP is here to help. You and your team need access to best practices, up-to-date trends, and solutions to challenges from the people that know it best. Improve productivity, build skills and network and increase knowledge.
CSCMP membership packages can be customized, so whether you want to develop 5 or 500, CSCMP can build a custom package to meet your specific needs. Contact an account manager today at +1.630.645.3479 or email@example.com
Thank you to Susan Pichoff, Senior Director, Apparel and General Merchandise, GS1 US for sharing this beneficial topic with CSCMP.
Since the smartphone became an essential part of daily life, retail companies have been challenged by the real-time demands of hyper connectivity. The industry faces a hard reality that aging systems often can’t keep pace with what consumers want, and even just one bad shopper experience can have a significant impact on loyalty and brand perception.
In an eye-opening position paper titled “Why The Retail Industry is Ready for Blockchain,” researchers from the Auburn University RFID Lab outline how to drive meaningful innovation in the supply chain, and encourages the industry to learn from the progression of technological advancements during the past decade. The researchers believe that blockchain, if applied to a foundation built on RFID and GS1 Standards, can help the industry overcome challenges that have made the supply chain sometimes frustratingly costly and slow.
Simply put, advanced technology can better enable a future state where the seamless sharing of trusted data is the norm.
The LMI index is 54.4 in the November 2019, reading, essentially equal (though down very slightly at -0.4) from October 2019. This is the lowest reading for the overall index in the three-year history of the LMI.
This is down significantly (-12.6) from this time a year ago, when it read in at 67.0. We have seen low scores for the LMI throughout the summer and fall, with the lowest eight scores in the history of the index coming in the last eight months.
Get the latest issue of the Logistics Manager Index (LMI) for the full report.
How are Regulations and Legislation Impacting Your Carrier Costs and Budgets? Join the Atlanta Roundtable as we discuss the evolution of Supply Chain.
Date: January 15, 2020
Time: 11:00 am – 1:00 pm
Member Price: $15.00
Non-Member Price: $45.00
Maggiano’s Cumberland Mall
1601 Cumberland Mall SE
Join CSCMP Kansas City for a tour of the KCI International Airport Arrivals Terminal. CBP Port Director Ellis and his team will provide insight on the customs clearance process for both passengers and cargo arriving into Kansas City. CBP used Kansas City as a test site for a new passenger/baggage flow model to speed up entry into the US for passengers.
Date: January 29, 2020
Time: 7:30 am – 10:30 am
Member Price: $30.00
Non-Member Price: $40.00
Union Station Boardroom
30 W Pershing Rd
Kansas City, MO