Unique Logistics International, Inc.

Climate Impact & Sustainability Data (2021, 2024, 2024-02-29, May 31, 2022)

COVID-19 pandemic impacting business operations, results, cash flows, and financial position.
Financial instability or reduced capacity of service providers (air, ocean, ground freight carriers) due to COVID-19.
International trade influences (currency exchange rates, governmental policies, regulations, conflicts, natural disasters, etc.) impacting primary market and operating results.
Risks related to the retail customers' business due to COVID-19.
Dependence on operators of aircrafts, ships, trucks, ports, and airports.
Potential for unsuccessful acquisitions.
Significant portion of total revenues from largest customer.
Concentration of credit risk due to dependence on a limited number of customers.
Reliance on technology for business operations.
Difficulty in forecasting customer shipments or rate changes by carriers.
Seasonal changes in the transportation industry.
Ever-increasing regulations from various sources.
Negative impacts of changes in political and governmental conditions.
Negative impacts of catastrophic events.
Operational and financial risks associated with international operations.
Competitive environment.
Formal or informal investigations from governmental authorities.
Uncertainty and volatility in the global economy and capital markets.
Significant capital expenditure requirements for business strategy implementation.
Difficulty in attracting, training, or retaining highly qualified personnel.

Closely monitoring the impact of the COVID-19 pandemic.
Effective selection and oversight of service providers.
Establishing a legal structure that meets local regulations in foreign jurisdictions.
Site- and activity-specific environmental compliance and pollution prevention programs.
Improving operating efficiencies in procurement, customer service, finance, and administration.
Building a uniform marketing strategy to build market share and brand recognition.
Continuously assessing the Information Technology environment.
Building the sales and support organization.
Maintaining an option to acquire ownership of significant UL HK foreign subsidiaries.
Ensuring seamless services to customers through the Consulting Services Agreement.
Seeking additional opportunities through potential domestic acquisitions, revenue sharing arrangements, partnerships, or investments.
Establishing a major warehousing facility in Santa Fe Springs, CA.
Identifying growth opportunities by focusing on specific areas of the United States.
Building tailored services to US customers in targeted Asian markets.
Implementing initiatives to conserve liquidity (raising capital, increasing credit facilities, reducing debt cost, controlling expenditures, improving cash collection).

Dependence on third-party service providers impacting service delivery and quality.
Economic recessions and factors reducing freight volumes.
Climate change and measures to address it.
Intense competition in the transportation services industry.
Seasonal changes in the transportation industry.
Reliance on technology for operations.
Difficulty in forecasting customer shipments or rate changes.
Reduction in international commerce or disruption in global trade.
Need for significant capital expenditures and additional financing.
Significant portion of revenues from a small number of customers.
Challenges in managing rapid growth.
Complex regulatory environment.
International operations subject to various risks.
Risks related to the use of AI technologies.
Potential for investigations and litigation.
Risks related to acquisition strategy.
Failure to attract, train, or retain qualified personnel.
Indebtedness impacting financial condition and results of operations.
Impact of changing interest rates.
Negative impacts of changes in political and governmental conditions.
Negative impacts of catastrophic events.

Improved operating efficiencies in procurement, customer service, finance, and administration.
Consolidated volumes and centralized functions.
Rationalized organizational structure and hiring of experienced executives.
Continuous assessment of information technology environment.
Single operating platform and add-on service tools.
Expansion of sales and support organization.
Strategic acquisitions.
Focus on warehousing and distribution.
Growth of business on Trans-Atlantic and Latin American trade lanes.
Specialized services to U.S. companies in overseas markets.
Establishment of site- and activity-specific environmental compliance and pollution prevention programs.
Programs to minimize waste and prevent pollution.
Maintenance of industry-specific and general business insurance policies.
Implementation of several initiatives to conserve liquidity, including increasing credit facilities, reducing debt costs, controlling expenditures, and improving cash collection processes.

Rising sea levels affecting port operations.
Extreme weather conditions disrupting operations and damaging cargo and facilities.

Increased regulation and taxation to support carbon emissions reduction investments.
Reputational and strategic risks due to shifts in customer demands.
Customer contractual requirements around environmental initiatives.

Delay in completing financial statements and other disclosures in the Quarterly Report.
Independent registered public accounting firm requires additional time to complete its review of the financial statements.

Registrant anticipates filing the Quarterly Report no later than the fifth calendar day following the prescribed filing date.

Delay in completing financial statements and other disclosures in the Annual Report.
Independent registered public accounting firm requires additional time to complete its review of the financial statements for the year ended May 31, 2022.