With the war in Ukraine, Kuehne+Nagel is closely monitoring the situation and evaluates the consequences for our employees and our customers.
Last updated on June 3, 2022
On March 11, 2022, Kuehne+Nagel announced that it pledges emergency aid to Ukraine in the amount of 10 million Swiss francs. This will be provided in the form of free logistics services to leading aid organisations for the transport and temporary storage of relief goods to Ukraine as well as Poland, Slovakia, Hungary and Romania until summer 2022.
This action is being coordinated by Kuehne+Nagel's existing “Emergency and Relief Expert Centre” in Copenhagen.
In addition, Kuehne+Nagel employees can make a personal commitment by contributing to the Group’s “Colleagues for Colleagues” fundraising campaign.
Read more about out emergency aid in the news feed.
Services have been restored on an on-demand basis.
Kuehne+Nagel signed an agreement on June 3, 2022, to sell its business in the Russian Federation to its local Managing Director.
This follows Kuehne+Nagel’s announcement on March 1, 2022, to temporarily suspend all shipments to/from the Russian Federation, except for pharma, healthcare and humanitarian supplies.
Closing of the transaction is still subject to approval of the competent local merger control authority.
Impact on global trade
Direct consequences of the sanctions in the affected markets bring major indirect impact to the global trade and logistics flows. Closure of the air corridors over Russia and Ukraine and the ban of Russian aircraft from North American and European airspace have led to capacity restrictions and longer lead times, with some long haul flights, particularly in the Eurasian hemisphere increasing by three hours.
Aiming to minimise supply chain disruption, we are working closely with our customers and all our main carrier partners to evaluate the impact of the schedule changes and aircraft rerouting. In addition to extra capacity solutions, we deploy Sea-Air program with multiple connection points in Southeast Asia, Middle East and West Coast USA which helps to avoid potential congestion spots.
Kuehne+Nagel had to stop the acceptance of bookings for rail transports (Eurasia Express) to and from Europe, as these transports pass through the Russian Federation.
Kuehne+Nagel teams put all means and efforts in place to mitigate these impacts.
Please do not hesitate to get in touch with your local Kuehne+Nagel sales contact for further details and solutions for your business needs.
DISCLAIMER - All information is provided in good faith for guidance and reference purposes only. It is of a general informational nature, and Kuehne+Nagel takes no legal responsibility for the accuracy of the information provided via this document. Kuehne+Nagel makes no representation as to the accuracy or completeness of any of the information contained herein and accepts no liability for any loss arising from the use of the information provided.