Quotes by Soren Skou - Page 1

Predicting oil prices is anyone's guess.
Soren Skou /
Oil
Predicting
Guess
Oil Prices
Prices
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I never predict freight rates; nobody can do that.
Soren Skou /
Predict
Freight
Rates
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Investing in ports with partners is a very common model for us.
Soren Skou /
Investing
Partners
Ports
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We need to do whatever we can to defend ourselves against hacking.
Soren Skou /
Hacking
Against
Defend
Whatever
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Most business problems, you will have an intuitive idea on what to do.
Soren Skou /
Intuitive
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If we drive cost down, we will be able to live with low freight rates.
Soren Skou /
Cost
Freight
Low
Rates
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Sea freight is by far the cheapest, most economical way to move goods.
Soren Skou /
Goods
Sea
Cheapest
Economical
Far
Freight
Move
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For Maersk Line, it is never great to compete with somebody who, by definition, can't go bankrupt.
Soren Skou /
Great Never Who
Compete
Definition
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As the CEO of a global company I think countries are foregoing opportunities by having cabotage rules.
Soren Skou /
Ceo
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As a global carrier, we always have a positive view on investment in infrastructure that supports our industry.
Soren Skou /
Positive
Carrier
Industry
Infrastructure
Investment
Global
View
Supports
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We believe infrastructure is key to economic growth, and we will do what we can to develop infrastructure in India.
Soren Skou /
Economic Growth
Growth
Infrastructure
Develop
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The investments and costs you have to put into digitalising means there will be an incentive for companies to merge.
Soren Skou /
Incentive
Merge
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If you have a business that isn't growing the top line, it's very hard to deliver attractive returns to shareholders.
Soren Skou /
Attractive
Shareholders
Deliver
Returns
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It's easy to talk about digitalising things; it's quite difficult to do in a B2B environment. It's hard to digitalise that complexity.
Soren Skou /
Complexity
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If we don't do our job well, then there's no doubt that big, strong companies like Amazon will look into whether they can do better themselves.
Soren Skou /
No Doubt
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Port investments entail a lot of money, and having a partner who can share the risk makes a lot of sense. Often, it makes sense to have a local partner.
Soren Skou /
Port
Partner
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We need to digitize from the inside of our business, but at the same time, finding the best solutions will require our industry to partner with companies across a wide range of industries.
Soren Skou /
Range
Solutions
Wide
Best Time Business
Companies
Finding
Industries
Partner
Require
Same Time
Wide Range
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Our priority has always been to have the lowest cost so we can be comfortable with weak freight rates. A big part of having the lowest cost is maintaining the largest network, and this means growing market share.
Soren Skou /
Comfortable
Cost
Lowest
Maintaining
Share
Weak
Big Part
Freight
Largest
Market Share
Network
Rates
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By using big data, it will also be possible to predict adverse weather conditions, rerouting ships to avoid delays, and monitor fuel data, thereby allowing companies to optimize their supply chains and the way they drive their business.
Soren Skou /
Adverse
Allowing
Chains
Conditions
Data
Fuel
Ships
Weather
Predict
Delays
Monitor
Optimize
Supply
Thereby
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When we talk about 'smart transportation,' it is more than moving cargo from A to B. Digitization within transport and logistics means seamless service to our customers, visibility in the supply chain, and driving a more efficient business.
Soren Skou /
Business
Cargo
Customers
Driving
Efficient
Logistics
Moving
Seamless
Smart
Supply Chain
Transport
Visibility
Within
Talk
More
Chain
Means
Service
Supply
Than
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Even if the technology advances, I don't expect we will be allowed to sail around with 400-meter long container ships weighing 200,000 tonnes without any human beings on board. I don't think it will be a driver of efficiency - not in my time.
Soren Skou /
My Time
Sail
Ships
Weighing
Time Technology Long
Advances
Board
Container
Driver
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What drives the attractiveness of a trans-shipment hub are really three things. Location, location, location is very helpful. But so is productivity - a stable labor force and getting ships in and out as quickly as possible. And then, getting costs as low as possible will drive carrier behavior.
Soren Skou /
Attractiveness
Carrier
Force
Hub
Labor
Location
Productivity
Ships
Stable
Drive
Drives
Low
Quickly
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Digitization and new technologies are rapidly changing all industries, forcing them to prepare for a tomorrow that is unpredictable. This also applies to the industry of container shipping, ports, and logistics, which largely has been driven by the traditional business models focused on optimizing how you move goods.
Soren Skou /
Business
Driven
Focused
Goods
Logistics
Models
Shipping
Tomorrow
Traditional
Unpredictable
Changing
Container
Forcing
Industries
Largely
Move
New Technologies
Ports
Prepare
Rapidly
Technologies
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