Logistics Managers Index declined in July 2023

The Logistics Managers Index (or LMI) is a combination of eight unique components that make up the logistics industry, including: inventory levels and costs, warehousing capacity, utilization, and prices, and transportation capacity, utilization, and prices.

We found out more information about this from Professor Dale Rogers from the W. P. Carey School of Business here at ASU.

The LMI for July 2023 marks the third month in a row that our country has seen a decline in the index, and the fifth consecutive month that the index has reached a new all-time low. Transportation continues to be soft. This past month also saw a softening in both warehousing and inventory components.

The Logistics Managers Index (or LMI) is a combination of eight unique components that make up the logistics industry, including: inventory levels and costs, warehousing capacity, utilization, and prices, and transportation capacity, utilization, and prices.

The LMI is a monthly survey of logistics managers  from across the country. The report is released monthly by researchers from Arizona State University, Colorado State University, Rochester Institute of Technology, Rutgers University, and the University of Nevada, Reno, in conjunction with the Council of Supply Chain Management Professionals (CSCMP).