BGSA Supply Chain 2024 Recap

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The BGSA Supply Chain Conference 2024 stands as an exclusive, invitation-only event tailored for C-level executives in the supply chain sector. This year's event took place January 24-26 at the Breakers Hotel in Palm Beach, Florida.

Networking & Knowledge Exchange: Aimed at spurring conversations among supply chain leaders, the conference is a hub for networking and sharing educational insights.

Showcase Opportunities: The conference uniquely offers a "shark tank" for participants to pitch innovative ideas to a distinguished audience.

Conference Insights:

BGSA CEO Benjamin Gordon shared:

Public Market Analysis: The BGSA Supply Chain Index, covering various segments such as logistics and supply chain technology, indicated a growth of 15.2%, against the S&P 500's 24.7%.

Gordon also revealed significant sector performance variations:

LTL Sector: Dominated with a 60% value increase; XPO Logistics at the forefront with a 171% rise.
Supply Chain Software: Notable growth of 33.3%, led by Manhattan Associates and WiseTech Global, with respective surges of 78% and 55%.
Logistics Giants: Steady growth in contract logistics, with Kuehne+Nagel, GXO Logistics, and Ryder System Inc. experiencing 39-47% growth.

The analysis underscored:

The impact of Yellow's market exit on LTL revenues.
The robust growth in SaaS models within supply chain software.
The importance of steady, predictable contracts for logistics companies, enhanced by strategic acquisitions.

Other Voices:

Kary Jablonski, CEO at Trucker Tools, shared insights on the normalization of the freight economy, the significance of nearshoring, and that for brokers, "visibility is now a table stake."

John Stauffer, Co-Founder and COO at ISO, reflected on the conference's networking opportunities and the shared experiences among peers.