Supply Chain by the Numbers feat. Dr. John Langley of Penn State University

Dr. John Langley of Penn State University was quoted in the Supply Chain Digest article, "Supply Chain by the Numbers," during the week of October 8, 2015. The article showcases supply chain news in numbers and global events.

Looking at the numbers . . .

59% - According to the annual "2016 Third-Party Logitics Study: The State of Logistics Outsourcing", presented in early October 2015 at the CSCMP Conference in San Diego, CA, 59% of shippers were satisfied with the IT capabilities of 3PLs. For the last 20 years of the  study, Dr. John Langley, clinical professor of supply chain management at Penn State Smeal, has been tracking what he calls the "IT Gap;" the difference between the percent of shippers who believe 3PL IT capabilities are very important versus the rating of those capabilities. The good news is that the numbers are rising, and shippers are increasingly more satisfied. In 2002, only 27% of shippers were satisfied, and today it is up to 59%.

The following are additional numbers reported on October 8th, 2015, in Supply Chain Digest's weekly feature,"Supply Chain by the Numbers," that you might find interesting.

$70 Billion is how much money it would cost to build the Nicaraguan Canal, the competitor to the Panama Canal expansion. The project, originally estimated to cost $50 billion, will cost significantly more according to The Wall Street Journal. Chinese company, HKND Group, was given a 50-year commission to build and manage the 276 kilometer canal extension that would run from the Pacific to Atlantic coasts of Nicaragua. 

$34.9 Billion is the current trade deficit of goods with China in August, according to the U.S. Census Bureau. As for 2015, this is the highest data reported; up $3 billion from July, bringing the year total to $237 billion. For month total, U.S. imported more than $44 billion worth of goods from China and exported $9 billion. At year end of 2014, China's total was $343 billion, but 2015 is estimated to break that total.

48,000 is the number of truck driver positions going unfilled in 2015, according to the American Trucking Association (ATA) as of early October 2015. In 2014, the industry was short 38,000 drivers, and for 2015 that number is expected to increase by 10,000. If current trends continue, by 2024, the number expected could be as high as 175,000, significantly impacting capacity versus demand. The ATA predicts that over the next decade, the trucking industry will need to hire 890,000 drivers. 

To read more details of the 2016 21st Annual 3PL Study, access this link.