News / 'Shape-shifting' in 2021 sees M&A – and a need for forwarders to invest

© Khwanchai Phanthong

“Shape-shifting” is how Sarah Banks, global freight and logistics lead at Accenture, describes 2021.

There have, of course, been many changes, but perhaps the one with the longest-term effect is the massive growth in M&A, spurred on by vast profits, particularly for shipping lines.

And the M&A news just keeps on coming, as any end-of-year-fatigued freight journalist will tell you.

This week alone: MSC made a €5.7bn bid for Bolloré Africa Logistics; Maersk agreed to buy LF Logistics, Li & Fung’s fulfilment arm; ...