Archive for economics

How Supply Chain is (Still) Underappreciated

Supply chain advancements are credited with efficiency improvements within organizations but are often overlooked for their beneficial economic side-effects. For example, supply chain software may contribute more to productivity than traditional measures such as GDP suggest. One example is the Great Moderation. Another is the inability of economic models to capture the rapid improvement of software over time. This inaccurate measurement leads to underreporting of quality improvements. This underreporting is supported by the deflationary nature of software products.

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Mid-Year Logistics Industry Review

US GDP grew at about a 2 percent annual growth rate in the first half of the year. The logistics and warehousing industry grew at a tepid rate in the first quarter. But this is positive when compared with the Q1 performance of recent years when the industry actually contracted, likely due to atypical seasonality. According to US Census data, US exports in the first half of 2017 totaled $763.6 billion, representing a 7.3 percent increase over the total for the first half of 2016. According to US Census data, US exports in the first half of 2017 totaled $763.6 billion, representing a 7.3 percent increase over the total for the first half of 2016.

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