White Paper: Managing Complexity in a Changing World

Actively preparing ourselves for the next few years ensures we’re not only prepared for tomorrow, we’re solving the problems of today.

This report outlines some of the most relevant issues in today’s shipping landscape. These issues are also the areas where manufacturers, retailers and logistics companies can best improve short- and long-term outcomes. As inventory strategies adjust in the wake of the pandemic and global manufacturing trends continue to shift, relationships between shipping partners will emerge as the most important differentiator across the business landscape over the next five years. Maintaining focus on all three of these areas is not easy, but it is the key to peak performance in challenging times.

Hear from experts in the transportation industry, including:

Bob Costello – Senior Vice President and Chief Economist of the American Trucking Association, managing all of ATA’s collection, analysis and dissemination of trucking economic information.

Thom Albrecht – Chief Revenue Officer and CFO of Reliance Partners with more than 30 years of experience in surface transportation and studying freight trends.

Cathy Roberson – Founder and Head Analyst at Logistics Trends & Insights, LLC, a global logistics market research company, providing research and analysis for such initiatives as competitive analysis, new product development, mergers & acquisitions, IPOs, company strategic guidance and more.

Jeffrey Bergstrand – Professor of Finance in the Mendoza College of Business at the University of Notre Dame, author of over 50 papers on determinants of international trade flows, foreign direct investment, multinational firm behavior, and more.

This whitepaper, produced by Old Dominion Freight Line explores three freight shipping trends for 2023.

1.) Just-in-time and just-in-case: a new balancing act

2.) How onshoring and nearshoring are redrawing the shipping map

3.) The key to long-term supply chain resilience

Read the New White Paper from Old Dominion

How can you successfully build your supply chain while navigating a complex, ever-evolving business landscape? This report highlights key strategies and trends for 2023 and beyond.

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The Just-in-Time Model is Here to Stay, with a Few Adjustments

Though some companies in certain industries will begin holding more inventory, Just-In-Time logistics is not going away. It must be strengthened with new best practices and continuous optimization to keep up with the challenges of the coming years. Make sure your shipper has adopted all available modern methods and keeps excess capacity on hand for inevitable and unpredictable difficulties.

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Onshoring and Nearshoring will Require New Agility in the Coming Years

Make sure your shipping partner is able to quickly adjust to changes to keep up with any eventuality, whether it’s a change in shipping volume at different ports, more overland travel from neighboring countries, or creating infrastructure around new domestic manufacturing facilities.

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Deep Partnerships are the Key to Lasting Resilience

While automation and digitization are offering tremendous gains when it comes to optimizing process, planning, and communications, there is no substitute for bringing transportation partners into your processes early and making logistics partners an extension of your business. In turn, your shipping partner should be available to you when inevitable and unpredictable circumstances arise.

Cheap up-front costs may be enticing, but they can cost you in the long run if they don’t come with high-quality, human-driven service to back it up. Vertically integrated logistics organizations are often better able to serve the totality of their customers’ needs than those that rely on third party subcontracting, and they often provide lower Total Cost of Transport in the long run.

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