A.P. Moller – Maersk (Maersk) announces that it has closed its acquisition of Performance Team, a US-based warehousing and distribution company, to further strengthen its capabilities as an integrated container logistics company, offering end-to-end supply chain solutions to its customers.
In a statement, Maersk said Performance Team’s engineered solutions and distribution center capabilities to retail, wholesale and direct to consumer services will integrate ideally with its Warehousing & Distribution’s regional network.
Said network includes more than 20 facilities in the United States and Canada offering logistics solutions, transload, consolidation, e-commerce fulfillment, inland drayage, facility management, yard management and value-added services.
Maersk’s acquisition of Performance Team began in February 2020, a story Port Technology International (PTI) reported on.
The deal is another example of Maersk’s policy to transform itself from a carrier into an integrated container logistics company with end-to-end solutions.
“Our customers now have the opportunity to add Performance Team’s omnichannel fulfillment services into their supply chain to create a hold and flow model customized to their specific needs, said Narin Phol, Regional Managing Director, Maersk in North America.
“This approach to marketplace fluctuations combined with the scope of our Maersk Warehousing & Distribution services, creates added flexibility and winning choices for supply chain managers enabling them to better serve their customers in these challenging times.
“We believe our logistics strategy is well-positioned to support their end-to-end supply chain solution needs.”
The global size of the Warehousing & Distribution sector is estimated at more than $200 billion and for North America it is $50 billion.
There is a significant growth opportunity for 3rd party Warehousing & Distribution players as only a small part of the Warehousing & Distribution sector in North America is currently outsourced and e-commerce is growing 12% annually.