Colliers - Supply Chain Solutions Report, Q2 2023

The Q2 2023 State of the Industry Report by Colliers Supply Chain Solutions provides valuable insights into the latest trends and developments in the supply chain and logistics industry. The report covers a wide range of topics, including freight pricing trends, port capacities, labor dynamics, current events, supply chain best practices, and recent Colliers case studies. Some of the key takeaways from the report include the fact that freight rates across all modes have come down significantly compared to the peak levels from last year, and that supply and demand for warehouse workers is becoming more balanced but wages are still high on a historical basis. The report also highlights the recent UPS labor dispute, which was resolved with a tentative 5-year agreement between UPS and the International Brotherhood of Teamsters, but which could have caused significant disruptions to parcel delivery services. One of the most useful sections of the report is the discussion of supply chain best practices, which includes tips on how to optimize warehousing space. Some of the options to consider include SKU rationalization and inventory right-sizing, exploiting unused vertical space in the building, tunneling warehouse cross-aisles to increase pallet storage capacity, and racking dock doors to store indirect spend items. The report also notes that a comprehensive facility redesign and process improvement analysis can yield significant increases in storage capacity, productivity, and cost savings. Overall, the Q2 2023 State of the Industry Report by Colliers Supply Chain Solutions is a valuable resource for anyone involved in the supply chain and logistics industry, providing insights and best practices that can help businesses stay ahead of the competition.