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  "documentTitle": "Transport &amp; Logistics Barometer",
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      "text": "The outlook for the SEA region assumes a slight recovery in the total number of deals as well as deal value in 2025.",
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      "text": "The outlook for the SEA region assumes a slight recovery in the total number of deals as well as deal value in 2025. The need to enhance logistics infrastructure to support the \"China +1\" strategy partially offsets the aforementioned challenges of M&A activity.",
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      "text": "Sources: LSEG; Business Law Journal; Atradius; Statista; DVZ",
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      "text": "Source: PwC analysis based on LSEG | *including deals >$10m",
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      "text": "Development of announced T&L deals* in SEA",
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