Scan Global Logistics delivers solid 2023 result: Continued growth in emerging markets
With solid results and continued growth in 2023, the Danish transport and logistics company Scan Global Logistics successfully navigated a dynamic market landscape characterised by uncertainty and constant change. This is shown in the numbers from the company's annual report for 2023, which has just been published.
With the crisis in the Red Sea having turned into a prolonged new normal, yet another stark reminder was provided on 13 April that ever-present geopolitical turmoil has a profound impact on global supply chains.
Surging ocean rate levels reminiscent of COVID-19 chaos
Starting with the conclusion, ocean freight levels are surging in a period that is usually considered a slack season, especially on the Far East Westbound trade from Asia to Europe, which is widely considered the global blockbuster trade.