Maersk set to expand logistics activities, says Skou

Chief executive sets out strategy for Danish shipping giant. Future focus will be about ‘scaling the land side of the equation’.

News ID: 80322

Date: 30 December 2018 - 08:57

Søren Skou outlines a vision of customers being able to secure all of the logistics needs from Maersk

MAERSK will seek to expand its logistics activities in the coming period, including trucking, supply chain management and warehousing, according to Søren Skou.

The chief executive of the Danish boxshipping giant discussed the strategy in an interview with the British newspaper Financial Times.

He outlined a vision of customers being able to secure all of the logistics needs from Maersk, a strategy that many large carriers attempted to implement in the late 1980s, but long since out of fashion.

“The future will be very much about scaling the land side of the equation... We for sure have to do some acquisitions in the logistics space, primarily to gain capability and scale,” he told the publication.

“A little less than 20 per cent of our customers buy the land side [of logistics] from us. But 100 per cent of them need a truck to get to and from the port.”