News in Distribution and Logistics: 2020 SC Logistics Economic Impact Study

The logistics industry is now a $37.2 billion industry in South Carolina. That’s according to the 2020 SC Logistics Economic Impact Study released today by the SC Council on Competitiveness. The study, completed by research economist Dr. Joseph C. Von Nessen, details the overall economic impact, employee wage averages, employment growth and the emphasis on increased technology reliance within the logistics sector. 

According to the report, the logistics cluster is one of the largest in the state, with 600 logistics companies operating within S.C. and the sector employing 139,650 South Carolinians. The study also highlights the influence of technology on the industry: logistics companies in the Palmetto State have tripled their spending with S.C. technology suppliers over the last decade.   

“Logistics has always been a critical part of our economy. 2020 has highlighted how vital it is to our daily lives that we manage the start-to-finish process of how we make, move and deliver the products we want,” said SC Council on Competitiveness President and CEO Susie Shannon.

“From home building supplies and automobiles, to medicines and groceries, logistics touches every product, in every business, every day. Our success as one of the nation’s top advanced manufacturing states would be impossible without a strong logistics sector.”

Click here to read the complete 2020 SC Logistics Economic Impact Study.