Swiss logistics group Kuehne und Nagel expects lower full-year operating profit due to global economic uncertainty and has scrapped its 2019-2026 guidance for profit growth. The company cites post-Covid market assumptions as being too optimistic. Shipping and logistics firms have faced supply chain crises, including backed-up sea ports, worker strikes, and Houthi attacks on vessels in the Suez Canal. The recent conflict in the Middle East will delay sailing via the Red Sea and the Suez Canal. Kuehne+Nagel aims for a dividend payout ratio of 80% with a focus on organic growth and acquisitions.