Maersk CEO Sees Volumes Back to 2019 Levels in Early 2021

The transcript discusses the impact of COVID-19 on business operations, highlighting a decrease in trade volumes but an increase in profits due to effective cost management. The company has adjusted its network capacity and benefited from lower fuel prices. Freight rates have risen, and the company has managed capacity to meet customer needs. Future plans include focusing on landside logistics and potential industry consolidation. The company has completed a share buyback program and maintained operational resilience during the pandemic.

What was a significant factor that helped improve profits despite a drop in volumes?

• Expansion of network capacity

• Effective cost management

• Increased travel expenses

• Higher fuel prices

What is the expected shape of the recovery according to the basic scenario?

• U-shaped

• V-shaped

• L-shaped

• W-shaped

How much of the company's volumes are based on long-term contracts?

• 100%

• 75%

• 25%

• 50%

What is the company's focus after the acquisition of Hamburg Süd?

• Increasing the number of ships

• Reducing the number of contracts

• Growing the landside logistics business

• Expanding the carrier side

What is the company's stance on future share buybacks?

• They will increase buybacks immediately

• They have no plans for future buybacks

• They plan to review and possibly continue buybacks

• They will stop buybacks indefinitely

How has the company managed to maintain operations during the pandemic?

• By halting all inland transportation

• By closing several ports

• By reducing the number of employees

• By keeping the global network operational

What has been a major issue for global supply chains during the pandemic?

• Overproduction of goods

• Excessive buffer stocks

• Single source reliability

• Inability to transport goods