Final defendant in Polar Air Cargo case pleads guilty before trial begins
The final defendant in the Polar Air Cargo corruption case changed his plea to guilty, ...
Frankfurt-270515
Hauptversammlung Deutsche Post DHL, Frankfurt am Main, Jahrhunderthalle
Deutsche Post DHL/Bernd Georg
By Alex Lennane
The Wall Street Journal has published an interview with DHL’s Frank Appel, who is looking at the next stage of the Covid challenge. He predicts that air freight capacity won’t keep up with demand when it returns, and says supply chains will have to take longer.
He said customers should “think about their supply chain and they will take more lead times for the inventory, if they have enough in stock, and put it on shipping lines, even for higher-value products. The capacity on the sea vessels is significantly larger than the airfreight.”
He also believes that this is not the end of globalisation, but perhaps the start of a new structure for supply chains, which will become more resilient, spreading sourcing among more factories – but not all re-shoring.
Worth a read.
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