Hello Rainmakers,
We’re taking a deep dive into a vital sector for the UK economy today, logistics and transport.
After enjoying a good pandemic, recent figures show that M&A activity in the UK logistics and supply chain management sector hit a quarterly five-year high in Q3, following a steady decline in deal volume in the previous three quarters.
How does a sector keep truckin' when a growing number of companies who operate in it hit the skids? Consolidation, of course - through the M&A route.
This is what's happened more and more this year after a period when haulage and logistics firms were regularly in the news for all the wrong reasons. The administrators were being called in all over the place, and the sector - which boomed during the pandemic - had grown bloated and was unable to flex when faced with a shortage of skills, growing costs and, of course, Brexit.
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