- 5 October 2020
- Transport / Logistics Services
According to a report by business organisation Logistics UK, the landscape for mergers and acquisitions (M&A) looks to remain strong in the coming 12 months despite the disruption of the pandemic and uncertainties over Brexit.
In conjunction with accountancy and business consultancy firm Carter Backer Winter LLP (CBW), Logistics has launched the report called UK Logistics Sector M&A Index 2020. This looks at the expected trends in M&A in the logistics sector as well as looking at the most important issues facing logistics companies today including the pandemic and Brexit.
David Wells, Chief Executive at Logistics UK, comments: “Following the immense pressure COVID-19 has placed on the logistics industry – in addition to the ongoing uncertainty surrounding EU Exit – our sector is poised for radical change, with operational and strategic challenges changing and shaping the industry of tomorrow. In partnership with CBW , Logistics UK surveyed senior logistics executives from across the sector to identify the economic impact the pandemic has had on the sector which drives activity across all of UK PLC, and the changes these senior executives intend to make to their business models as they plan for 2021 and beyond. The report gives vital insight into the trends that will shape future strategies for business owners, in addition to data on wider industry dynamics.”
Philip Bird, Partner and Head of Logistics at CBW , comments: “The survey shows that consolidation is expected to continue in the sector over the next twelve months, supported by healthy valuations. M&A activity is likely to be concentrated in those areas which will fare better in a challenging economic environment, such as healthcare, e-commerce and food distribution.”