Logistics firms “optimistic” about financial future

Tunbridge Wells, UK: A new report on merger and acquisition (M&A) activity in the logistics sector reveals that most companies are feeling more confident about their financial prospects this year than before the pandemic.

The UK Logistics Sector M&A index 2021, carried out by Logistics UK and Carter Backer Winter (CBW), in conjunction with research firm Analytiqa, reports that the average optimism score was 7.1 out of 10 for the next 12 months, compared to a rating of 6.3 in 2020.

Almost two thirds of operators expect to see “somewhat” or “significantly” increased revenue generated in 2021 than pre-pandemic in 2019.

The overall M&A index score for 2021 is 62.8 – a 38% jump on the 45.4 score recorded in 2020.

Logistics UK chief executive David Wells said: “Our joint research shows there is growing confidence and optimism, with a growing number of logistics businesses considering M&A activity in the near term as a strategic priority.

“Logistics businesses are optimistic about the future and we are confident that this optimism will spread to other parts of the economy as the months progress.”