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 an 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!