Logistics: The View from Palm Beach
The BGSA Supply Chain Conference in Palm Beach
Every January, we have the pleasure of hosting more than 200 CEOs and leaders of transportation, logistics, supply chain and technology companies at the Breakers in Palm Beach. The annual BGSA Supply Chain conference has become a great way to learn about the big trends and opportunities shaping the industry.
So what did we learn this year? I'll post the highlights. You can also see additional details at the BGSA 2017 conference site.
In sum, we see three key themes in particular: the Trump Bump, the power of e-commerce, and consolidation.
The Trump Bump
- LTL, which increased by 46%, led by SAIA (up 98%)
- Truckload, which increased by 36%, led by Swift Transportation (up 76%)
- Energy transportation, which increased by 31%, led by Trimac (up 119%)
The Power of e-Commerce
- Drones – with commercial deliveries for Amazon, 7-Eleven, and Maersk already underway
- Online freight booking – including disruptors like Freightos, 10-4, and uShip
- eCommerce fulfillment – with $2 trillion of annual sales and 15% annual growth, eCommerce customers are driving demand for faster and faster fulfillment, leading to same-day and even same-hour logistics solutions from companies like Amazon Prime Now, UberRUSH, Grand Junction, Doorman, and Bringg
- Chinese logistics: ZTO
- Tracking technology: Macropoint
- Distributed warehousing: Flexe
- TMS: 3Gtms
- Last-mile logistics: Bringg
- Visibility: project44
- And more
Consolidation: The Party Continues
- US airlines: Virgin America Inc.’s $4.2 billion acquisition of Alaska Air Group Inc.
- Australian ports: Investor Group’s acquisition of Port of Melbourne Corp for $7.3 billion
- Chinese trucking: Dalian Dayang Trands’ acquisition of YTO Express for $8.8 billion
- Italian logistics: Cassa Depositi’s $3.3 billion acquisition of Poste Italiane