Why Europe has the dream, but struggles to build freight-tech giants
Europe may have produced some of freight tech’s most ambitious start-ups, but building them into ...
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By Alex Lennane
Soren Skou, head of Maersk, has stuck his neck out, and warned the European Commission that its competition rules prevent the region from competing with the US and China. “Is it really a good idea that we don’t allow the creation of a European global champion?” he told Danish media. Mr Skou is a member of the European Round Table for Industry (ERT), a lobby group of 55 leaders of large European companies. It has urged the EU to develop a new industrial strategy to enhance the global competitiveness of European companies. He added that competition policy should “allow us to build the right European companies that can compete globally”.
It makes one wonder who Maersk has its eye on?
Comment on this article
Gary Ferrulli
January 16, 2020 at 4:09 pmI can understand the issue if talking about Asian countries, and not just China, but Korea, Taiwan and Japan. Their approach to global trade is very nationalistic and they not only allow, but actively participate in the endeavors. Not so sure I understand the reference to the US – what anti-trust laws does the US ignore or anti competitive behavior does the US promote?
Joe
February 21, 2020 at 4:54 amAgreed.