As part of our usual review of each year in supply chain, two weeIs ago I took a look at the top stories by month in 2023 (see The Top Supply Chain Stories by Month 2023.)
Last week, we offered our popular look at supply chain 2023 in numbers and charts.
Gilmore Says.... |
 As can be seen, in 2023 the S&P 500 Index was up 23.9% - while our supply chain and logistics index wasn’t quite as strong, rising at 20.1%, using an unweighted average.
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This week: a quick look this week at the results from our weekly supply chain and logistics stock index in 2023.
In 2021, SCDigest re-launched our weekly supply chain and logistics stock market index, which tracks the market performance of more than 20 publicly traded companies across freight carriers, logistics service providers/3PLs, and supply chain hardware and software providers.
We ran this feature weekly a number of years ago but discontinued it for reasons I can't really recall. But I think it was smart to bring it back – it's interesting and drives a lot of web site visits.
As an amateur investor like many/most of us, I thought it might be interesting for you to see how supply chain stocks fared on Wall Street last year.
Of course, 2023 was a very good one for stocks overall after a rugged 2022.
Below you will find our supply chain stock index for the week ending December 29, 2023, including performance for the week, month and year for the index as a whole and each stock in it.
Supply Chain and Logistics for Week, Month and Year Ending December 29, 2023
As can be seen, in 2023 the S&P 500 Index was up 23.9% - while our supply chain and logistics index wasn’t quite as strong, rising at 20.1%, using an unweighted average.
The top winner for the year was by far LTL firm XPO Logistics, up a huge 154%. That performance was followed by software firm Manhattan Associates (+77)%), then SAP (+48.5%), FedEx (+44.1%), and LTL carrier Old Dominion (+41.4%).
The bottom five performers saw software company e2Open (-25.3%) the worst in our list, then American Software (parent of Logility, which was down 23.3%), RFID firm Impinj (-16.4%), UPS (-10.5%), and 3PL CH Robinson (-6.4%).
All told, there were 17 stocks in our index in the black for 2023, and six losers.
With the demise of LTL carrier Yellow in July, we replaced it in our index with carrier Schneider.
Think I will leave it at that, and let you peruse the table on what interests you.
But I will sign off with this note, as I have done before: if you bought Impinj stock on the big dips over the last few years, you would have been very well rewarded.
What is your reaction to our supply chain stocks for 2023? Let us know your thought at the Feedback section below.
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