The report below gives a good overview of the Spring 2022 M&A activity in the Transport, Logistics and Supply Chain Industry Sector. The global logistics industry was valued at $4.9 trillion in 2021, and is expected to reach $6.5 trillion by 2027, growing at a CAGR of 4.7%, during 2022-27, as per research published by IMARC Group. The increasing development of trade deals among various nations is the primary demand driver of the global logistics market. Other factors such as the growing e-commerce business and the development in reverse logistics activities are driving the logistics market forward. However, international logistics have been affected by the conflict between Russia and Ukraine. Rerouting Russian-bound cargos and conducting additional customs inspections for dual-use items is expected to exacerbate port congestion in Europe, with global implications. The war is expected to have a negative impact on European grain and dairy shipments to China via rail route. Air freight charges are expected to remain high, affecting the timely and expensive conveyance of food products. Service to the two countries has been also suspended by major road carriers such as UPS, FedEx, and DHL.. In spite of all these challenges, the global logistics market is expected to grow at a significant rate, owing to increased trade activities around the world and various technological improvements.
Posted by Peter Heydenrych.
Read the Entire Spring 2022 Transport, Logistics and Supply Chain Report Here