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Friday, 7 September 2007 MERGERS and acquisitions are set to continue in the expanding logistics services sector, estimated to grow to $US590 billion by 2010 from $US440 billion this year, the chief executive and president of global integrated logistics company Agility told an airfreight conference in Hong Kong on Wednesday.
Essa Al-Saleh said much of the growth will be organic but there will also be a great deal of activity in mergers and acquisitions as consolidation continues. He picked out China and India as having great potential for growth in terms of demand for logistics services in the next five years. “Research shows that India and China combined have 40 percent of the world’s population but account for only 7 percent of global GDP, so there is scope for significant economic growth as their industry and trade develops,” Al-Saleh said. “We see many opportunities in Asia in the years ahead.” |
