A single factory in China explains why MCI needed trimming
To understand the forces Maersk Container Industry is up against, and why MCI has shut down two of its three factories within just a few months, there is one competitor in particular, and one factory, that explains most of the story.
One must look to the city of Foshan in China's Guangdong Province for much of the explanation behind why Maersk has, within just half a year, shut down two of its three container factories and laid off 3,000 – or more than half – of its employees.
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