International Finance

French shipping leader CMA CGM penetrates into the logistics sector

CMA CGM, CEVA logistics, Netherlands, Swiss stock exchange, French shipping, stake acquisition
CMA CGM being one of the partners of the consortium recently won the concession for the Thessaloniki Port Authority

French shipping giant CMA CGM is soon going to enter the logistics sector by investing US$462mn to acquire a major stake in CEVA logistics, reported Greek daily Naftemporiki.

CEVA is a global logistics supply chain company headquartered in Hoofddorp, Netherlands. According to Tornos News, CMA CGM will purchase 25% of the company shares before its listing on a Swiss stock exchange in May.

The logistics sector has shown exponential growth in recent years.  A recent blog by Kenco reads “The supply chain is the backbone of a company: strong, flexible and supporting so many parts of the business. But in many ways, they’re also fragile: too much change or pressure and they’ll fracture, with wide-spread impact throughout the organization. Like all parts of business, new technologies, new processes and new ways of thinking will make them stronger, more efficient and more powerful. There’s both an art and science to how we drive innovation in our supply chains and drive it we must.”

This year’s Eye for Transport Global Logistics Report shows increased e-commerce growth, digitisation and cutting-edge technologies create better opportunities for the industry’s business model. Respondents said blockchain (52.7%), artificial intelligence (51.3%) and robotics (44.61%) largely transform the industry in order to sustain and introduce effective business values.

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