At present 50% of the company’s chocolates in Canada came from the U.S., and the rest from Europe.
“We are able to source 100% from Europe,” Lechner told Reuters.
Lindt, whose products include Lindor chocolate balls, has already built up inventories in Canada from the U.S. to give it time to change its supply chain, which it expects to complete by the middle of the year.
Chief Financial Officer Martin Hug said it would be slightly more expensive to transport chocolate to Canada from Europe but it would cost less than if tariffs were imposed.
I would love to see more companies move in this direction. It’s not perfect, but at least they are trying, and I think that’s great.
I thought it would belong to one of those food industry behemoths but it’s actually Independent, headquarters in Switzerland and majorly owned by themselves.
I plan on visiting the lindt holy land one day. Like the headquarters, been to the country once already.