Maersk CEO Says Container Volumes Have Rebounded

The transcript discusses the business confidence and visibility for the year, highlighting the rebound in volumes and changes in consumer spending. It provides a market outlook for 2021, comparing it to 2019, and addresses the impact of pricing and bottlenecks on the market. The discussion also covers container shortages and solutions, M&A strategies, and the geopolitical impact on trade, particularly in relation to the US-China relationship and potential changes under President Biden.

What has contributed to the rebound in volumes in the fourth quarter?

• Rise in restaurant visits

• Decrease in freight prices

• Consumer spending on home goods

• Increased holiday travel

How does the company view the market conditions for 2021 compared to 2019?

• Significantly worse

• Slightly better or similar

• Unpredictable

• Much worse

What is the company's expectation regarding the rise in freight prices?

• Prices will continue to rise indefinitely

• Prices will stabilize and normalize

• Prices will drop significantly

• Prices will double

What is one of the main reasons for the current bottlenecks in the supply chain?

• Containers in the wrong locations

• Excessive supply

• Lack of demand

• Overstaffed ports

What is the company's strategy regarding M&A?

• Invest in unrelated industries

• Focus on land-based logistics acquisitions

• Avoid any acquisitions

• Focus on large transformative deals

How does the company view the potential impact of President Biden on US-China trade relations?

• Immediate improvement in relations

• Significant changes expected

• No major changes expected

• Complete overhaul of policies

What growth rate does the company expect for global trade in relation to global GDP?

• 5-6%

• 7-8%

• 3-4%

• 1-2%