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Maersk CEO on Skyrocketing Freight Rates: ‘No Doubt We See Inflation Creeping Up’

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

A.P. Moller-Maersk CEO Soren Skou cited one culprit driving demand and historically high ocean freight rates: stimulus checks. “The pipeline is bursting at its seams,” Skou said in an interview Monday with CNN’s Richard Quest addressing global supply chain challenges. “First of all, there’s a very strong demand led by the U.S. and all of…

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