News / K+N targets SMEs for growth as it celebrates 'another outstanding quarter'

© Tobias Arhelger |

Kuehne + Nagel saw its profits soar by 79% in Q2, celebrating “another outstanding quarter” and staying bullish about the demand outlook, despite recent negative press.

But K+N is targeting SMEs for its growth, as its larger customers adopt a more cautious approach to consumer demand.

Outgoing CEO Dr Detlef Trefzger said that, while the larger retailers “became cautious” due to supply chain disruptions and had increased their inventory levels, small and medium-sized accounts were now also building stock, and he saw ...