The report below gives a good overview of the Summer 2022 M&A activity in the Transport, Logistics and Supply Chain Industry Sector. The global transportation services industry is estimated to be valued at $7.2 trillion by 2022, and is expected to reach $10.4 trillion in 2026, growing at a CAGR of 9.9%, during the period 2023-26, as per report published by The Business Research Company. The industry is being driven by several factors, including increasing cross-border trade, the surge in e-commerce logistics, and growth in passenger traffic, particularly in leisure air travel. However, the industry is negatively impacted by increased energy costs, the Russia-Ukraine conflict, supply chain disruptions, and shortage of truck drivers. In the US, the average cost of diesel increased by 75.0% and reached $5.7 per gallon in June 2022, compared to 2021, as per report published by Financial Times. Additionally, Russian Navy ships are obstructing trade throughout the Black Sea, forcing the closure of major Ukrainian ports and disrupting supply chains. Nevertheless, the global transportation & logistics industry is forecasted to grow rapidly in the future, due to various factors such as increased adoption of advanced technology, rapid expansion of trade agreements between different countries, and growth of the e-commerce sector.
Posted by Peter Heydenrych.
Read the Entire Summer 2022 Transport, Logistics and Supply Chain Report Here