Note: Today’s post is part of our “Editor’s Pick” series where we highlight posts published by our sponsors that provide practical knowledge and advice on timely and important supply chain and logistics topics. This recent post from Uber Freight’s blog highlights five strategies to enable a productive supply chain in 2024 and beyond.
After three years of pandemic-fueled disruption, the freight industry finally saw stability in 2023: a soft market with an abundance of capacity, an increase in truck driver employment, and falling truck rates that provided a window to find cost-cutting opportunities within supply chains.
With the market expected to remain soft in early 2024, logistics teams have breathing room to innovate and refine their transportation programs. Companies can set themselves up for success in the new year by investing in strategies — including AI-powered logistics, emissions visibility, and nearshoring — bolstered by using modern freight technology and partnering with managed transportation experts.
As you prepare your logistics strategies for 2024, we recommend keeping the following considerations top of mind to remain nimble and competitive.