Working at Walmart Collaboration While we leverage our size and scale to influence positive change in a variety of ways, risks and issues in consumer goods supply chains cannot be solved through the actions of any one company alone.
A series of retaliatory tariffs between Beijing and Washington has led to a shift in global trade, creating winners and losers in sales of commodities from soya to seafood to pork.
In July, China imposed a 25 percent tariff on U. As a result, Chinese demand for lobster from Canada has increased, with airports in the country's eastern provinces adding cargo flights to accommodate higher exports.
At Halifax Stanfield International Airport, total cargo soared 42 percent in July, and 55 percent in August, compared with the same months a year earlier, fueled by Chinese demand for seafood, said Glen Boone, the airport's director of cargo and real estate.
Canadian shipments of live or fresh lobster to China nearly doubled to 1. Stewart Lamont, managing director of exporter Tangier Lobster in Nova Scotia, said his Chinese sales are up 30 percent since July on an annual basis.
Imports of frozen salmon, another major Chinese import, jumped 20 percent in dollar value. Pacific American Fish Company Inc imported about 20 percent more scallops and calamari in recent months to stock up before the new duties go into place, said Chief Executive Peter Huh.
The seafood importer and distributor may add to stockpiles to bypass the looming additional 15 percent tariff coming next year, he said. Four other seafood importers said they were also bulking up their purchases ahead of time. Jim Heston of the Great Fish Company said the Winter Haven, Florida, importer added to its inventory to meet demand from customers who hoped to buy early fearing the new costs.
The tariff dispute has also delivered some supply-chain surprises, with increasing Canadian demand for lobster from the state of Maine, the biggest U. Stephanie Nadeau, owner of The Lobster Co, a Maine wholesale distributor, has seen a 40 percent drop in her overall sales in September as Chinese buyers look to Canada to satisfy its demand for the crustacean.
Yet prices remain stable in Maine for lobster harvesters, she said, because of demand from north of the border.
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