At the end of June, CSCMP and parter Kearney released the 2022 State of Logistics report, with the headline news that 2021 US logistics costs rose to 8.0% of GDP, up from 7.4% in 2020. (See State of the Logistics Union 2022.)
So the economy is tightly interwoven into the report in many places.
That includes the chart below, which shows actual and forecast real US GDP growth from 2019 through 2031:
After predicting 3.1% growth this year (which we suspect they would revise down, maybe signficantly right now), the trend is lower, with no forecast near 3.0%, and the last five years at 2.0% or lower.
Not good news if accurate.
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