By Anastasiia Kozlova
March 25 (Reuters) - Swiss logistics group Kuehne und
Nagel on Tuesday said it has been capitalizing on
increasingly complex global trade issues - from U.S. President
Donald Trump's tariffs to the Red Sea crisis - by charging
customers more for value-added services.
Since the Covid-19 pandemic, shipping and logistics
firms have had to navigate several supply chain crises from
backed-up sea ports in the United States and China to worker
strikes and Houthi attacks on vessels in the
Suez Canal
.
More recently, supply chains have been rocked by the
threat and implementation of Trump's tariffs on U.S. imports,
and subsequent retaliatory levies imposed by the country's trade
partners.
There is huge customer demand for consultancy services in
navigating through difficult times, CEO Stefan Paul said in a
call on the company's capital markets day.
Trump's tariffs, aimed at protecting domestic industries and
reducing trade deficits, have had significant impact on
logistics companies.
"The inflationary impact of tariffs could likely hurt
demand," Parash Jain, Global Head of Transport & Logistics
research at HSBC, said, adding that the complexity will continue
to increase with the several layers of tariffs across countries
and types of cargoes.
However, for logistics services providers, the added
complexity has created an opportunity to expand advisory and
customs services beyond traditional transportation brokering, he
added.
Kuehne und Nagel said last week it plans to open a new site
at Texas-Mexico border to meet growing demand for customs
support between the United States and Mexico.
The COVID-19 pandemic caused global supply chain
disruptions, leading to a surge in demand for logistics
services, boosting K+N earnings in 2021 and 2022.