[Concall] LG Electronics "Some Impact on Profitability Due to Rising Logistics Costs... Responding with Supply Chain Optimization"

[Asia Economy Reporter Kim Heung-soon] On the 28th, during the Q3 earnings conference call, LG Electronics stated, "Recently, maritime and air freight rates have been hitting record highs day after day, acting as a factor worsening the profitability of the Home Appliance & Air Solution (H&A) Business Division," adding, "There is about a 2% impact from logistics costs compared to the previous year based on our sales." They further explained, "There are expectations that this situation may last through the first or second half of next year, or even 1 to 2 years at the longest," and "We are responding by deploying temporary vessels targeting global shipping companies to reduce supply disruptions, and minimizing the impact of rising logistics costs through global supply chain optimization."

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