As new tariffs and retaliatory tariffs grow between the U.S. and its global trading partners, uncertainty around the tariff impact on supply chain networks intensifies, along with the risk of significant impacts on supply chain costs. If risk mitigations from trade policy changes are done as ad hoc endeavors, they can emphasize organizational biases and impact long-term decision making.
New Round of U.S.-China Tariffs Puts Additional Focus on Mitigation Strategies
A growing trade dispute between the U.S. and China and a slowing global economy have created a challenging environment for global companies. This research outlines key steps companies have taken to mitigate the impact of tariffs, and precautions for supply chain leaders considering similar actions.