Many firms resist rapid action to tackle tariffs, trade shifts: Xeneta
Short-term action to tackle tariffs and trade shifts tends to favour frontloading, spot usage and re-routing, with shipping firms also using scenario modelling and reassessing contracts to stabilise their long-term picture, Xeneta said. A lot of companies are holding off on taking rapid action; instead, waiting to see what happens next or monitoring what steps their peers are taking, it noted.
Short-term action to tackle tariffs and trade shifts tends to favour frontloading, spot usage and re-routing, with shipping firms also using scenario modelling and reassessing contracts to stabilise their long-term picture, Xeneta said.
A lot of companies are holding off on taking rapid action; instead, waiting to see what happens next or monitoring what steps their peers are taking, it noted.
