Global logistics groups are rushing to relocate Chinese staff as more manufacturers in the country prepare to expand overseas in anticipation of tougher trading conditions with the US under a second Donald Trump presidency.
France’s CMA CGM, Switzerland’s Kuehne+Nagel and Germany’s DHL said they were redeploying Chinese staff to Europe, south-east Asia and Latin America, destinations that have been chosen for a “China-plus-one” diversification strategy, in order to better serve Chinese customers abroad.
The groups, who help clients manage their imports and exports, are responding to manufacturers’ moves to other low-cost production hubs as western buyers and politicians seek to cut imports from China amid rising trade tensions with the US.
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