Governance is the core of any freight forwarder or logistics business, no matter where they are. You realise the very core of Wistech's Tech is to electronically work with Border Security Agencies around the world?
Many of the Wistech customers are ESG heavy and very woke.
It is being spoken about and people are not happy. They do not give a shit about RW! Only how it may effect them. If you he gets done on anything illegal now or in the future it effects what the business can offer. Anyone from the US Customs to ABF are obliged to revoke clearances of him and the business if he is in charge. If he loses the clearances the clients all lose their ability to work with these businesses.
On an average day my team of three do approx 90 customs clearances at $95.00 revenue - $8550 per day. If I cannot communicate with ABF because RW and Wisetech then I will be filthy. Hence why more people than you realise here and everywhere are worried.
DO YOU UNDERSTAND? I dont care about RW, your share price or what you say about Wisetech. I care about my business and so do many others.
WTC Price at posting:
$96.50 Sentiment: None Disclosure: Not Held
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