Supply Chain Management Services in the US - Industry Market Research Report

Spotty service: Despite recent growth, the pandemic hindered industry revenue

Supply chain management companies have enjoyed growth over the current period because of increases in the number of businesses and corporate profit. When businesses expand, they often use supply chain management companies to ensure that they can maintain profit and quality standards. Improvements in supply chain technology spurred growth as services have become more seamless and efficient, attracting customers. Advancements in software have been somewhat of a double-edged sword for supply chain management companies as supply chain management software has advanced and become more user-friendly, enabling clients to manage supply chains internally. Overall, industry-wide revenue has been growing at a CAGR of 2.7% over the past five years and is expected to total $11.5 billion in 2023, when revenue will dip by an estimated 3.1%. This industry helps control the movement and storage of raw materials, unfinished goods and finished goods from the point of origin to the point of consumption. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.