Mainfreight moves to a 'just in case' scenario

Mainfreight moves to a 'just in case' scenario
For the six months to Sept 30, Mainfreight’s warehousing capacity climbed 16% to 936,153 sqm across its global footprint. (Image: supplied)
Brent Melville
Mainfreight chief executive Don Braid says a ‘just in case’ mantra has overshadowed the company’s ‘just in time’ principle as the logistics group scrambles to keep up with global supply chain challenges.In his December team update, Braid said while heightened freight volumes across the business were good for financial performance, they’d placed pressure on service levels and infrastructure. That meant “sourcing every available piece of equipment, rail rolling stock and coast shipping capacity&rdquo...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.