Scan Global Logistics' (SGL) growth journey continues with the acquisition of Foppiani Shipping & Logistics, an Italian freight forwarder with a head office in Prato. With the acquisition, SGL brings ‘Uncomplicate Your World’ to the eighth-largest economy in the world and the third-largest economy in the European Union for the first time. Foppiani, founded in 2007, is an independent freight forwarder focusing on customers in fashion and retail, automotive and a variety of other sectors.

In recent weeks, a severe ocean freight capacity crunch across most major trades has sent freight rates on a skyrocketing trajectory. This rather sudden change in supply and demand has been fueled by high demand and network bottlenecks in part due to the Red Sea situation.

Starting with the conclusion: Chaos across both the global ocean and airfreight markets with no short-term outlook for relief.

Anchored deep in our 1-3-5 Strategy is a dedication to creating the most purpose-driven and meaningful company within the logistics industry. Why? At the end of the day, logistics is a people’s business. The recently launched Empowering People: Unlocking Potential Project is designed to foster growth, inclusivity, and innovation across our organisation so everyone can thrive, contribute, and grow — personally and professionally.