Trade
Major Shipping Line Seeks Supply-Chain Overhaul as Chaos Roils Global Trade
- Volatility in container shipping markets expected to increase
- Company aims to become an integrated logistics provider
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Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
“The way that supply chains have operated over the last number of decades is no longer fit for purpose,” Ditlev Blicher, president of Asia-Pacific for the shipping line, told reporters in Singapore on Monday. “We believe this environment of increased volatility is here to stay, and it will likely accelerate.”