Top Interesting Supply Chain and Logistics Statistics

A supply chain is a complex network that involves the movement of goods, raw materials, and information from manufacturers to customers. Supply chain management includes the whole process of planning, sourcing, producing, and delivering goods either into a store or directly to your door. Supply chain management also includes handling any returns you may send. Logistics, in comparison, focuses on making sure that the items are in the correct place at the right time, ensuring they get from A to B as efficiently as possible.

We look at some key statistics of where the supply chain industry is headed in 2023.

1. Global warehousing and distribution industry to reach $500 billion
The supply chain industry is large and still growing. The global warehousing and distribution industry is expected to reach over $500 billion by 2023, and technology-driven warehousing is thought to be one of the main factors in this surge.

2. Australian supply chain industry to reach $100 billion
In Australia alone, the value of the supply chain industry has been estimated to reach more than $100 billion in 2023, driven by increasing investments in logistics infrastructure.

3. Transportation and logistics sector employs over 1 million people
The transportation and logistics industry is a significant contributor to the economy and is expected to employ over 1 million people in 2023, which accounts for around 10 per cent of GDP.

4. Exports to Asia to increase by over 5%
Exports to the region are expected to increase by over 5% in 2023, with 12 of Australia’s top 15 export markets already in the Asian region.

5. 90%of global merchandise is shipped by sea.

6. 57% of companies believe that supply chain management gives them a competitive edge.

7. The most common Key Performance Indicator (KPI) used for supply chain monitoring is daily performance at 40%.
Cost reduction (35%), production service rate (29%), inventory turn (28%), and production time (27%) KPIs are also key.

8. The #1 cause of global supply chain disruptions is mergers and acquisitions at 66%.
Other common causes of supply chain disruption include extreme weather (41%), factory fire (37%), and business sales (33%).

9. Demand for environmentally-friendly and sustainable practices is growing
The demand for environmentally friendly and sustainable supply chain practices is growing, with over 50% of companies implementing initiatives to reduce their carbon footprints.

10. Only 22% of companies have a proactive supply chain network.
Proactive supply chain management means that the end-user is always able to address shifts in supply or demand before they become critical. The fact that fewer than a quarter of companies operate this way was exposed as a big vulnerability during the pandemic.

Source: https://www.zippia.com/advice/supply-chain-statistics/

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