🚨 Dear Clients and Partners 🚨

We want to inform you of recent developments in the logistics landscape due to new tariffs. The US has implemented a 10% tariff on imports from China, with additional potential tariffs on Canada and Mexico. These tariffs have taken effect on all shipments with an Estimated Time of Departure (ETD) after February 1. As a result, we expect slower freight markets and a shift in supply chains to countries like Vietnam, Taiwan, and India, as companies adopt a “China +1” strategy, manufacturing both in China and another South Asian country. ✈️

Air freight will likely be the most affected, as 50% of air freight from Asia is e-commerce related. The US is set to remove the duty-free treatment for shipments under $800, which was initially set to take effect on February 4, but this has been temporarily suspended until systems are in place for efficient tariff collection. Once implemented, we expect a shift from air freight to ocean freight as companies build larger inventories in the US to account for longer shipping times. 🚢

At this time, there are no EU tariffs in place, but this is likely to change in the near future.Additionally, China is set to implement counter-tariffs and export quotas in response.

We will continue to monitor the situation and keep you updated. Thank you for your understanding.