How (if at all) are you adjusting your 2025 budget to account for tariff increases on international goods?
Sort by:
Tracking exec orders, tariff's and funding changes collectively as an organization across all domains: health and human services, construction, facilities, technology hardware etc. At this point waiting to see what happens and responding accordingly.
Mod to minimal impact on the BPO service side.
Specific to hardware acquisition, we are a Lenovo shop and are evaluating extending the life of laptops scheduled for replacement mid-year. Tariff increases are adding 10% to replacement costs and pushing that budget into negative territory. Our hope is that the tariff situation will resolve by EOY. If not, we can adjust 2026 budgets and plan accordingly.
Certainly, industry specific here and one must consider imports from all and not just one impacted countries. Maintaining close and open communication with suppliers and logistics providers is key; as well as connecting with your peers at other organizations within your vertical.
Due to the uncertainty, we are not adjusting budgets but are prepared to use contingency funds should tariffs hit our purchase pricing. We did purchase extra hardware before the tariffs were put in place as a way to derisk this.