The report below gives a good overview of the Spring 2021 M&A activity in the Transport, Logistics and Supply Chain Industry Sector. The Logistics Market is estimated to grow by USD 77.28 billion, progressing at a CAGR of almost 2% during 2021-2025 as per research published by Technavio. The industry had a decline in activity because of Covid 19, with numerous travel restrictions, nightly curfews, border closures, and flight cancellations imposed by various countries.
The Suez Canal blockage in March 2021, happened due to grounding of the container ship Ever Given, further escalated the impact. The shipping journal Lloyd’s List estimated that goods worth $9.6 billion pass through the canal every day. The blockage delayed a range of parts and raw materials for European products such as cotton from India for clothes, petroleum from the Middle East for plastics, and auto parts from China. The impact on global supply chains is expected to last for several months.
Read the Entire Spring 2021 Transport, Logistics and Supply Chain Report Here