The Logistics Managers Index (LMI) is a monthly economic indicator that provides insights into the current state and future expectations of the logistics industry in the United States. Developed and managed by a team of supply chain academics led by Dr. Dale Rogers at Arizona State University, the LMI is based on a survey of logistics professionals, including supply chain managers, transportation managers, and warehouse managers.
“Before economic activity shows up in GDP, it is seen in a warehouse, on a truck, and in inventory. The LMI measures those things and allows people to see the future of the economy.” – Dr. Dale Rogers
The LMI measures various aspects of the logistics industry, such as capacity, inventory levels, transportation, warehousing, and logistics prices. The index is designed to provide a comprehensive view of the logistics sector, which is a crucial component of the broader economy. The data collected through the LMI survey is then compiled into a single index value, with a reading above 50 indicating expansion in the logistics industry, and a reading below 50 indicating contraction.
The LMI is considered a valuable tool for understanding the performance and outlook of the logistics industry, as it can help businesses, policymakers, and economists make informed decisions about their operations, investments, and policies. By monitoring the LMI, stakeholders can gain insights into the current and future trends in logistics, which can help them better plan and prepare for changes in the industry.
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