New “State of the Supply Chain Survey” Highlights Optimistic Industry Outlook for 2024

This text discusses the key findings from the annual “State of the North American Supply Chain Survey” conducted by Averitt Express. The survey gathered insights from over 1,400 North American shippers on various supply chain challenges faced in 2023. Some notable findings include a 4% increase in anticipated shipping volumes for 2024, with 67% of respondents expecting growth. The importance of a carrier’s sustainability program in decision-making is highlighted, with 46% considering it highly important. Customs clearance emerges as the major challenge for international shippers in 2023, experiencing a 5-percentage-point increase from the previous year. Averitt interprets the positive outlook for 2024 as a return to a more stable freight economy, contrasting it with the challenging period of 2020-2022 during the early stages of the pandemic. The emphasis on sustainability is explained, attributing its significance to environmental, economic, and regulatory factors, with the adoption of sustainable practices seen as crucial for both environmental responsibility and compliance with tightening regulations. Overall, the survey findings reflect optimism for 2024, with a focus on improved economic conditions and a return to normalcy in the supply chain.

Inspired by: https://www.logisticsmgmt.com/article/averitts_state_of_the_supply_chain_survey_presents_an_optimistic_tone_for_2024