Lindt to Supply Chocolate to Canada From Europe to Sidestep Tariff Hit
Lindt & Spruengli is shifting its Canadian supply chain to mitigate the impact of U.S. tariffs on its operations in the country, opting to produce and source chocolates made in Europe instead. The company has already built up inventories in Canada from the United States, which it expects to complete by mid-year, as part of this strategy. This move is expected to slightly increase costs but avoid potential consumer backlash against chocolates labelled as U.S.-made.
- By sidestepping Canadian tariffs, Lindt is leveraging its global supply chain to protect its market share and maintain competitiveness in the North American chocolate industry.
- How will the long-term consequences of this shift in supply chains affect the broader impact of trade tensions on global chocolate production and consumption patterns?