Wallenius Wilhelmsen ASA

07/06/2022 | Press release | Distributed by Public on 07/06/2022 01:22

All solutions on the table to ongoing supply chain challenges

Unfortunately, a lack of new capacity coming into the market means this extremely complex situation is likely to last at least until the end of the year, and probably for a few years.

So, in addition to the short-term fixes, we need to develop more permanent solutions.

These include:
- Adding both terminal and shipping capacity
- Improving end-to-end supply-chain efficiency
- Developing digital solutions to streamline operations and reduce port congestion

We have ongoing projects to address all three areas.

We fast-tracked construction at our state-of-the-art terminal expansion at Zeebrugge to start taking cargo and we'll announce our newbuilding program this year, adding capacity in the long term.

We also believe that this situation presents a unique opportunity to drive waste out of the supply chain by taking a holistic end-to-end view. This will free up capacity and enable more sustainable solutions in the longer term.

We need solutions for today, but we also need to use this opportunity to create a better way of doing things in the long term.