Business
Mullen Group Ltd. Announces Business Plan and Increase in Dividend for 2022
Mullen Group Ltd. Announces Business Plan and Increase in Dividend for 2022 Can...
About this update from Mullen Group Ltd.
[{"type":"text","content":"\n \n \n \n Mullen Group Ltd. Announces Business Plan and Increase in Dividend for 2022\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml40{\nMARGIN-LEFT:3.33em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n OKOTOKS, AB\n \n ,\n \n Dec. 8, 2021\n \n /CNW/ - (TSX: MTL)  Mullen Group Ltd. (\"\n \n Mullen Group\n \n \", \"\n \n We\n \n \", \"\n \n Our\n \n \" and/or the \"\n \n Corporation\n \n \") announced today the business plan for 2022 has been approved by the Board of Directors (\"\n \n Board\n \n \").\n \n \n \"\n \n Recent events have highlighted just how important the supply chain is to a well functioning economy, to the timely delivery of everything including the most basic items consumers rely upon everyday, as well as to price stability.  In 2022 we anticipate some of the disruptions that have plagued the supply chain ecosystem to be resolved.  However, the current reality is that manufacturing, production, and freight distribution remains very tight, primarily due to robust demand.  But this does not in itself explain the entire supply chain story.  When strong demand is accompanied by lower productivity, due to issues such as new regulations, port bottlenecks, labour shortages and production problems of many critical parts, like computer chips for example, the economy suffers, and inflationary pressures build.  Today's supply chain is very complex where shippers and producers operate within a worldwide integrated system.  As such, regardless of where the disruption occurs, the entire system can become compromised.  At the Mullen Group, we are on the front lines of the supply chain overseeing a large network of best in class independently managed Business Units providing critical transportation, logistics and warehousing solutions to customers throughout North America.  Like others, we have encountered our share of challenges, but we have persevered and adapted.  In fact, I can categorically attribute the majority of our success to the stellar performance of our Business Units and dedicated...