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Søren Skou says global trade is not going into reverse

US and European companies are not in the process of withdrawing production from factories in Asia. Global trade will grow more or less in step with GDP developments, Maersk CEO tells the Financial Times.

Photo: Casper Holmenlund Christensen/Jyllands-Posten/Ritzau Scanpix

Although there is much talk about companies in Europe and the US considering a full or partial withdrawal of their production in Asia due to factors including supply chain uncertainties, Maersk Chief Executive Søren Skou does not recognize this narrative.

”We don’t see our customers moving production back to Europe. They’re spreading it around in Asia,” he tells the Financial Times in an interview.

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