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In Asia in particular, there is currently a large shortage of containers and the availability of vessels and cargo space. Massive overbooking and overloading at ports due to Covid 19-related restrictions mean that containers cannot be handled fast enough or even shipped reliably at all. Last year, we already reacted far-sighted to the changed situation and built up additional raw material stocks, meaning especially in the area of herbs and fruits we continue to be very well positioned.
In the area of tea, our additional stocks are decreasing, so due to the current situation we have to expect that part of the required supplies will be delayed and available at much higher costs.
We think at this time it is important to inform you about potential shortages and price developments in certain tea categories. Please be assured that Wollenhaupt is working intensively on solutions with all efforts and with our strong local partners. This includes the increased involvement of our Chinese subsidiary, the review of alternative routes and a flexible response to price developments in the market.
We will of course keep you updated on the current situation. If you have any questions, please feel free to contact our sales team.