Vaughn Moore Shares 2014 Industry Outlook with APICS
AIT's President and CEO Vaughn Moore returned for the fourth year in a row to offer his unique perspective on the transportation industry to a local chapter of APICS (The Association for Operations Management).
The event began with a networking dinner and then attention turn to Vaughn who gave a presentation titled, "Global Landscape: A Transportation Outlook for 2014". The discussion began with a look at the national and global economies before moving on to discuss government matters, weather trends and outlooks for the major transportation modes of air, ocean, trucking and rail. Reshoring was a recurring hot topic as data was presented that showed evidence for offshore manufacturing in China becoming more cost prohibitive in comparison to other developed nations. There was also extensive discussion about the desperate need for a new Surface Transportation Bill in 2014, particularly to keep the Highway Trust Fund solvent.
When looking at the various transportation modes, capacity remained a major issue with air and especially with ocean carriers. The pending P3 agreement between Maersk, Mediterranean Shipping Company and CMA CGM was discussed and on a more local note, usage of the intermodal terminal in Rochelle, Illinois was also topic of interest. As always, fuel costs were first and foremost on the minds of the attendees. While Vaughn declined to speculate specifically about price, he did spur a discussion about the untapped fossil fuel reserves in the northeast regions of China and Russia.
Vaughn ended the presentation by talking about opportunities for growth in the logistics industry - not just for companies, but also for people. He said that demand for qualified employees is rising and that more colleges and universities are offering degree programs in logistics. He reported that some of the larger companies in the industry are struggling with culture and made the point that for potential job candidates, culture can be a differentiator.
APICS members who attended the event gave the program an extremely high rating in an anonymous survey. They variously commented that Vaughn delivered a "great topic and presentation" that was "excellent as usual" and brought "clarity and focus to the whole industry."
Chapter President Jim DeModica later said, "The APICS Chapter Board of Directors and members wish to thank Vaughn for his presentation regarding the outlook in today's transportation environment. He identified significant trends and events that shape our industry while explaining the effects and impacts to the operations within our businesses."