Startek Strategic Announcement on Addressing US-China Trade Tensions

Startek Strategic Announcement on Addressing US-China Trade Tensions

In response to evolving global trade dynamics, particularly the challenges imposed by US-China trade tensions, Startek announces the following strategic initiatives to ensure continuous, stable, and efficient service for our clients:

1. Establishment of Startek America LLC

✅ Strengthen local service capabilities in North America and reduce supply chain response time.

✅ Optimize tariff and logistic costs to enhance price competitiveness.

2. Philippines Manufacturing Facility Startek Philippine Limited

(Factory construction to begin June 2025, operational by October 2025)

✅ Serve as a complementary production base to China, ensuring supply chain diversification

✅ Focus on serving North American and European markets to mitigate trade policy impacts

✅ Utilize advanced manufacturing technology to maintain consistent high-quality standards

3. Continuous Global Supply Chain Optimization

✅ China facilities will continue serving APAC and other markets with stable supply

✅ Flexible production allocation to maximize client benefits

Key Client Benefits

✅ Supply Chain Security - Multi-regional setup reduces single-market risks

✅ Cost Efficiency - Optimized tariff and logistic structure ensures competitive pricing

✅ Stable Delivery - Dual production bases guarantee on-time order fulfillment

Startek remains committed to putting client needs first. These strategic adjustments will enhance our ability to navigate trade uncertainties and deliver long-term value to our clients.