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No let-up in supply chain disruption, says Maersk survey

[ November 6, 2024   //   ]

Three out of four European shippers have experienced supply chain disruption in the past 12 months, more than half with significant cost impact, according to a survey of over 2,000 of Maersk Line customers in the region

More than 76% of said that the disruption had a knock-on effect and causing delays to their operations in the past 12 months. A fifth counted more than 20 disruptive incidents over the past 12 months, and one in three businesses subsequently had difficulty securing necessary materials for production.

Some 58% of the cargo owners said that disruptions in their supply chains had significantly increased their costs.

Some 53% of businesses are also considering new sourcing locations in the wake of disruption, often close to or within European shores. The most prominent sourcing location being considered is Turkey (11% of respondents) followed by Egypt (7%), Poland (6%), Morocco (3%) and Romania (2%).

Maersk adds that the results of the survey clearly indicate that the logistics environment remains very disruptive, even after the impact of the Covid pandemic on supply chains has been fully resolved. The latest disturbances are due to geopolitical conflicts and severe weather due to climate change, such as low water levels in canals and rivers and floods destroying infrastructure as very recently in Spain.

AP Moller-Maersk president of Europe, Aymeric Chandavoine, said: “If there is one thing that we have learnt lately, it is that disruption is imminent, and we also know from our customers that they see it that way. But very importantly, we see that European businesses are conscious that the best way to tackle disruption is increasing resilience in supply chains.”

He said that the survey findings would allow Maersk to work on solutions to help its customers.

European Business Resilience 2024 | Maersk

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