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Supply Chain Leaders Embracing Change Management to Address Impact of AI and Consumer Demand for Speed
Friday, October 4, 2024
-- 2025 Third-Party Logistics Study Identifies AI as a Competitive
Advantage
-- Report Highlights Key Trends Impacting Supply Chain Industry
READING, Pa., Oct. 1, 2024 /PRNewswire/ -- The 2025 Third-Party Logistics Study, spearheaded by Dr. C. John Langley of Penn State University and developed in collaboration with NTT DATA and Penske Logistics, was unveiled today at the Council of Supply Chain Management Professionals (CSCMP) EDGE. In its 29th year, the study delves into the evolving dynamics of the supply chain under the theme "Navigating Change," reflecting the current challenges within the industry.
The research highlights three pivotal areas: Change management in shipper (companies that manufacture goods or provide services) and 3PL (Third-Party Logistics providers) relationships; artificial intelligence; and the importance of the direct-to-consumer experience.
The research provides a deeper dive into the current state of the 3PL market, and contemporary issues like nearshoring and trends in commercial real estate and supply chain labor are also contained within.
Some key learnings from the 2025 3PL Study include:
-- Change management is essential to keeping pace in the marketplace:
Shippers (61%) and 3PLs (73%) both agree that supply chain change
management is vital. Demand for change management is driven by customer
experience, economic factors and technological advancements. Among
survey respondents, 58% of shippers and 76% of 3PLs are currently
employing a change management framework.
-- Artificial intelligence is a supply chain competitive advantage: Both
shippers and 3PLs are in agreement that AI can be pivotal in automating
data analysis, identifying patterns, solving problems and automating
repetitive tasks. Results uncovered that 33% of shippers are seeking
implementations related to supply planning and demand forecasting, while
19% of 3PLs reported planning implementation in this area. Also, 27% of
shippers expressed an interest in transportation and route optimization
technologies, while 22% of 3PLs noted they are planning to install these
capabilities.
-- The continued e-commerce effect is shaping the direct-to-consumer
experience: 48% of shippers and 53% of 3PLs reported that customers
routinely expect deliveries in less than two days, and 27% of shippers
and 26% of 3PLs noted that there are three-day or less delivery
expectations. Shippers (44%) and 3PLs (38%) are willing to absorb a
small percentage of the costs related to shipping speeds. Both shippers
and 3PLs view delivery speed and further delivery visibility as strong
areas of differentiation.
The study surveyed 3PL providers and users of 3PL services to understand the current state of 3PLs and how 3PL relationships are evolving with their customers. The research continues to capture and measure this evolving industry and document the transformation of the third-party logistics sector as new challenges and opportunities emerge. The 2025 study and past versions are available for download at www.3PLStudy.com.
"While users and providers of 3PL services continue to report successful relationships, they find themselves having to deal with an increasingly wide range of challenges," said Dr. C. John Langley, Professor, Supply Chain & Information Systems, Penn State University. "While examples include economic concerns, geopolitical unrest, and changing markets for supply chain services, they also are taking advantage of change management processes to benefit from new and improved capabilities such as AI and direct-to-customer proficiencies."
"This year's study once again achieves success with providing readers with a nuanced understanding of the key issues facing our supply chains today," said Ramu Pannala, Vice President of Supply Chain Technology, Penske Logistics. "Technology will drive the industry forward in many exciting ways."
"This reinforces what we see in the market regarding businesses trying to manage through the volatility of day-to-day operations, relying on new capabilities like AI, and deeper partner relationships," said Shanton Wilcox, Senior Vice President, Supply Chain Consulting, NTT DATA. "All of these efforts and investments rely on change management to increase the likelihood of success."
About NTT DATA
NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future. Visit us at nttdata.com.
About Penske Logistics
Penske Logistics is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. The company is a leading provider of innovative supply chain and logistics solutions. Penske offers solutions including dedicated transportation, distribution center management, lead logistics, freight management, transportation management, freight brokerage, and a comprehensive array of technologies to keep the world moving forward. Visit PenskeLogistics.com to learn more.
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SOURCE Penske Logistics
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