Maersk CEO says he sees “no relief from today’s congestion and delays…

Maersk CEO says he sees “no relief from today’s congestion and delays before year-end”:
  • Maersk Q2 revenue rose to $14.23 billion, up 58% from a year earlier. Earnings before interest, taxes, depreciation, and amortization nearly tripled to $5.06 billion
  • With annual $11.5 billion in free cash flow and no debt, Maersk is seeking more acquisitions.  They already purchased 2 logistics providers that support B to C  
 
Example of other supply chain stress:  How do you manage a supply chain for heavy trucks when the last 12 month’s orders are more than 250% higher than the previous period!
 
CSCMP conference in September is still on and in-person!