The index gave inventory costs a record score of 91 and warehouse costs a score of 90.5. The scores are a combination of eight components that make up the logistics industry, including: inventory levels and costs, warehousing capacity, utilization, prices and transportation capacity. Researchers calculate it using a diffusion index, in which any reading above 50 percent indicates an expansion and a reading below 50 percent indicates a shrinking logistics industry.
The report was released by Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada-Reno in conjunction with the Council of Supply Chain Management Professionals.
Findings:
- The index increased for the third straight month, up from 75.2 in February.
- Inventory levels dipped to 75.7 from 80.2.
- Increased fuel costs contributed to transportation utilization rising to 69.7.
- Transportation capacity rose to 45.7.
- Transportation utilization increased slightly to 69.7.
- Transportation prices increased slightly to 89.7.
- Warehousing capacity is down to 36.1, the lowest reading in the index’s history.
- Warehouse utilization rose to 75.
- Aggregate logistics prices, a combined measure of inventory, warehousing, and transportation costs was at 271.3.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.