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ING wrote earlier this week that the global transport and logistics (T&L) “sector recovery is entering a new phase, and we’re expecting substantial growth in 2022 – despite the war in Ukraine and continued supply chain disruption”.

Moreover, the global T&L industry is expected “to exceed pre-pandemic level in 2022” after a record 2021.

That said, the Russia-Ukraine war can impact the sector in “three ways” while, more broadly, the world trade “slows above pre-pandemic levels” this year.

ING also highlighted cross-sector woes and global costs pressure for T&L players, but “pricing power helps”, of course.

The full note can be read here.

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