Maersk Chairman declares war on Big Tech

The companies that are first able to combine physical and digital elements will win the war, says Maersk Chairman Jim Snabe.

Jim Hagemann Snabe. | Photo: AP/Polfoto/Arkiv

Old, illustrious companies such as A.P. Moeller-Maersk and Siemens are at war with Big Tech, and it is crucial to not be overtaken by tech behemoths such as Amazon and Google, said Jim Hagemann Snabe, Chairman of Maersk as well as Siemens, at the CBS Impact summit on Thursday.

"What's Amazon? Is it a digital company? I come from a logistics company, and I would say it's a logistic company that has understood how to use the digital possibilities in a new world in which those who can understand both elements simultaneously can perhaps create much more value than the ones who can only do the physical or only the digital part," he said.

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