Soren Skou Quotes

Digitization and new technologies are rapidly changing all industries, forcing them to prepare for a tomorrow that is unpredictable. This also applies to the industry of container shipping, ports, and logistics, which largely has been driven by the traditional business models focused on optimizing how you move goods.

Supermarket companies are big logistics companies, and one of the ways we've increased profitability in the past is by re-evaluating how they do logistics.

Success in business today requires real-time, mobile access to business opportunities.

In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.

For physical goods, there are costs associated with logistics and lead times, owing to inventories and poor forecasts of the market. With digital capital-intensive technology, however, production will inevitably move toward the final market, wherever it is. This re-localization constitutes a major shift in the structure of global supply networks.

I see incredible opportunities for transportation to benefit from rapidly advancing automation, connectivity, and information technologies.

Every business has to figure out how to make itself more efficient. They've got to use technology. They've got to use the Internet, things like that. We can do the same thing with our state colleges.

It's connectivity that really makes the industrial Internet work: it's giving the right information at the right time to the right person or right machine to make the right decision.

There will be new businesses that will digitally enable the planning and consumption of passenger and goods movement to be more efficient, enjoyable, productive, safer, cleaner, and cheaper. That could mean everything from maintaining vehicle fleets to remote monitoring.

The hyperloop will be a digital network. That's why we say we look at transportation as a new form of broadband.

Information technology is at the core of how you do your business and how your business model itself evolves.

As we were growing retail, and it was a huge growth phase, it was very important to keep our quality under control. Therefore, it was not just distribution, not just back-office operations, but also the risk-management practices. And these we learned together, supported by technology.

When you think of technological revolution, you probably think of geeks in cool coastal spaces like the Google campus, or perhaps of math wizards on Wall Street. But one source of rural prosperity is the adoption of radical new technologies - and a consequent surge in productivity.

I think the next massive wave of value creation will be when you can get a manufacturing company or agriculture devices company or a health care company to develop dozens of AI solutions to help their businesses.

As long as we are one of the most expensive countries to produce in, we should focus on cutting costs that directly and indirectly weigh on business.

You look at marketing: everything that's happening in marketing is digitized. Everything that's happening in finance is digitized. So pretty much every industry, every function in every industry, has a huge element that's driven by information technology. It's no longer discrete.

Technology improves our lives in so many ways - from our toasters, ovens, and refrigerators at home to our computers, fax machines, and BlackBerrys at work. Technology makes once-burdensome tasks easy and fun.

AI is creating tremendous economic value today.

Consulting offered me an opportunity to see a lot of different businesses in different regions of the world, to see how textiles were being affected by foreign competition, how technology was changing.

We live in an age of innovation, where digital technology is providing solutions to problems before we've even realised we needed them. We see it every day as we find new ways to travel, eat and shop.

Latency is very important when you think about autonomous cars and things like that - 5G will really change the game, and I think will be another spike of growth in the wireless industry.

Extra capacity makes manufacturing competitive, keeps pricing in control.

Our bet is on the future of micronetworks.

We can't simply dismiss the idea that autonomous vehicles are going to be a big part of our transportation system.

Time is money in the shipping business.