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Current trade route updates

As of 4 January 2021, the UK has gone into a countrywide lockdown similar to that imposed in March 2020. Fortunately, UK customs and forwarders can continue working as was the case last year so inbound and outbound freight traffic will continue to be processed. There are however restrictions on travel from the UK which will lead to a decrease in the amount of passenger flights to many routes, leading to a reliance on freight lines. As a result, we expect to see less availability on flights until at least the end of February 2021. This may also impact the cost of freight, something the Viadex Operations team will be monitoring constantly.

Whilst we are continuing to see a reduction in flights globally, we are pleased to report that all primary shipping lanes remain open. Local delivery times are seeing delays in some locations due to local lockdowns – if this to affect your delivery, your Account Manager will be in contact to talk you through the scenario.

In terms of Brexit, on 24 December 2020, negotiations between the UK and EU to conclude the EU-UK Trade and Cooperation Agreement (EU-UK TCA) were finalized. As a result, the EU-UK TCA came into effect provisionally on 1 January 2021. The trade deal will not release companies from the obligation to file customs declaration at the borders. There will however be tariff-free, quota-free access for products traded between the EU and UK if products originate from either the EU or UK.

In anticipation of the UK leaving the EU, Viadex incorporated Viadex BV in The Netherlands in 2020. This will allow Viadex to sell within the EU whilst as acting as IOR for goods being brought in and being able to reclaim import VAT where the goods are being sold on, resulting in VAT not becoming a Cost of Sale on the transaction. If you already trade with Viadex from the EU, your Account Manager will already have been in contact to discuss the onboarding process.

In terms of actual logistics of goods, due to the requirement for customs declarations to be filed on both in and outbound freight, we anticipate some delays in lead times for the short to midterm of approx. 2-5 days on goods coming in from the EU to the UK and the same on outbound shipments. We will of course be doing all we can to mitigate delays where possible and will keep you up to date on the progress of your order throughout.

Below is a breakdown of our project deployment destinations over the last 12 months and specifically since March when the outbreak of Covid19 affected all global movements.

Global Project Deployments Over The Last 12 Months

Destination

No of Project Deployments

AMERICAS

601


APAC

336


EMEA

2254

Global Project Deployments Since March 2020

Destination

No of Project Deployments

AMERICAS

546


APAC

296


EMEA

1880

The above figures were last update on: Tuesday 23rd February 2021