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The supply chain crisis will extend into next year, Maersk has warned today but the world’s largest container shipping has made the most of the logistics nightmare, posting record profits.
A shortfall in the number of truck drivers, particularly in Britain and the US, has caused bottlenecks at ports with hundreds of container vessels unable to be unloaded, the group said.
“The whole system,” chief executive Soren Skou said, “has become one gigantic bottleneck.”
“A too large proportion of our capacity is tied up lying waiting outside the ports,” Skou said, referring to 300 container vessels.
There has been a silver lining for the global shipping giant : record freight prices, pushed by the supply chain crisis, have driven Maersk’s strong third quarter results.
Maersk, which handles 20 per feet of global container shipping, said it had added capacity to manage the soaring demands but that this would still not be enough to balance out the pressures of congestion at ports.
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