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Flexport plans to integrate Deliverr, an e-commerce fulfillment company Shopify acquired for $2.1 billion last year, into its global logistics offering. Clark called the Shopify assets the "last piece" the company needed to extend its reach from the manufacturer to the end consumer. It may be the last acquisition needed to complete a "port to porch" service, as Clark described it. In fact, Clark said Amazon could be a compliment or partner to Flexport soon after announcing the Shopify deal. Yea," he said about the kind of end-to-end service Flexport is planning.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaersk CEO: We have yet to see the full rebound in China's consumer marketVincent Clerc, CEO of Maersk gives his assessment of global economic recovery at the sideline of China Development Forum.
The container ship Maersk Murcia sits moored in the port of Gothenburg, Sweden, on August 24, 2020. Maersk, one of the world's largest container shipping firms, on Wednesday reported a fall in fourth-quarter earnings but posted the best full-year result in its history. This took the full-year underlying EBITDA figure to $36.84 billion, fractionally below the company's forward guidance of $37 billion but its strongest-ever full-year result. Maersk raised its dividend to 4,300 Danish krone ($620.33) per share from 2,500 DKK per share. For 2023, Maersk expects underlying EBITDA to plummet to between $8 billion and $11 billion.
Moeller-Maersk and Mediterranean Shipping Co. created the so-called 2M alliance in 2015 to help them reduce costs by sharing cargo on major ocean routes. Rivals formed similar partnerships, creating the Ocean Alliance and THE Alliance. Global trade volumes fell 9.5% year over year in November 2022, according to London-based Container Trade Statistics, and global shipping rates have been sliding at a steep pace since early last year. He said the winding down of 2M raised questions over the future of the other two alliances, Ocean Alliance and THE Alliance. So the in-transit issues and all the penalties have pretty much faded away.”Target said in an email that it renegotiates its shipping rates regularly.
Vincent Clerc will become Maersk’s next CEO as the company faces a challenging outlook. Møller-Maersk A/S said Monday that it has appointed Vincent Clerc as its next chief executive, as the company enters a tougher environment with lower freight rates and mounting macroeconomic headwinds. Mr. Clerc, who serves as CEO of Maersk’s Ocean & Logistics business, will assume the new post Jan. 1. Maersk said Mr. Clerc has been with the group for 25 years and has been key in the company’s transformation into an integrated logistics provider.
SummarySummary Companies Maersk needed 'new energy' in CEO position - chairmanClerc takes over as shipping boom comes to an endImportant to keep costs down amid high growth - ClercCOPENHAGEN, Dec 12 (Reuters) - A.P. Moller-Maersk (MAERSKb.CO) said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant through a period of slowing container demand. "The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end," Maersk Chairman Robert Maersk Uggla told a press conference at the company's headquarters in Copenhagen. Shares in Maersk have roughly doubled since Skou took over as CEO in 2016. Copenhagen-based Maersk is one of the world's biggest shipping and logistics companies, handling supply chains for large customers like Walmart and Nike.
Shipping firm Maersk picks Vincent Clerc as new CEO
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: +1 min
Moller-Maersk (MAERSKb.CO) said on Monday it had appointed Vincent Clerc, who has been with the firm for 25 years, to replace Soren Skou as Chief Executive Officer as of Jan 1. "With an increasingly challenging outlook, the board believes Vincent holds the right experience and capabilities as CEO to pursue and oversee Maersk’s strategic and organizational development in the years to come," he added. Company veteran Clerc currently heads the company's Ocean & Logistics business. Skou, who has been in the job since 2016, oversaw the group's transformation from a conglomerate into an integrated logistics company. Reporting by Stine Jacobsen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew challenges mean timing for CEO change is right, says Maersk's incoming CEOVincent Clerc, incoming CEO of the Danish freight giant, says "after two years of bumper profits and supply chain disruptions because of the pandemic, we have a different set of circumstances."
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