The biggest supply chain deal was 3G Capital’s acquisition of Skechers for $9.7bn. This deal was also the biggest in the consumer sector in Q2 2025. Credit: TY Lim/Shutterstock.

According to GlobalData, mega-deals reached $438 billion, while $61bn was tied to supply chain-related transactions, highlighting a shift toward localised and technology-driven operations amid the growing global uncertainty.

GlobalData’s latest Strategic Intelligence report, “Global M&A Deals in Q2 2025 – Top Themes by Sector: Strategic Intelligence,” reveals that mega-deals, defined as transactions valued at $1 billion or more, rose by 21% YoY during Q2 2025. Supply chain resilience emerged as the most crucial theme, with 28 deals spanning sectors across consumer, industrials, and healthcare sectors.

Priya Toppo, strategic intelligence analyst at GlobalData, comments: “Rising geopolitical tensions, changing demographics, increased ESG regulations, ongoing labor shortages, and rapid digital transformation have all intensified the focus on M&A related to supply chains. Companies are increasingly prioritising resilient, localised, and technology-driven supply chains to mitigate risks and improve operational efficiency. This trend is particularly evident in the consumer, industrials, materials, and healthcare sectors.”

The biggest supply chain deal was 3G Capital’s acquisition of Skechers for $9.7bn. This deal was also the biggest in the consumer sector in Q2 2025.

An ongoing trend is the dominance of North America in M&A deal activity, which accounted for 3,027 deals worth $357 billion during Q2 2025. However, all regions except Europe registered growth in M&A deal value.

Toppo concludes: “The M&A outlook for the rest of 2025 is cautiously optimistic, fueled by potential interest rate cuts and the need to adjust to the new tariff landscape. However, large deals may still face challenges in the US due to the ongoing antitrust scrutiny.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Style Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Style Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving apparel and textile industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now