BGSA Supply Chain 2024 Recap

Recap of BGSA Supply Chain 2024: Insights on market outlook, LTL growth, software innovations, and nearshoring impact.

BGSA Supply Chain 2024 Recap
BGSA Supply Chain Index. Image Source: BGSA

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.

Image Source: John Stauffer/LinkedIn

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