Surviving the Trade War

Practical Ways to Ensure That Your Supply Chain is Ready for Tariff Shocks

The global trade war is not a threat that is far away it is here and it is changing supply chains in a short time. The US has imposed a 25% tariff on Mexican and Canadian imports and an extra 10% on Chinese goods, which has left businesses with no choice but but to try and limit the losses. However, Canada, China and, possibly Mexico have imposed retaliatory tariffs.

For supply chain leaders, it is not if tariffs will affect the business but how best to handle the impact. There is no point in waiting and hoping for the best. You require a plan of action in order to reduce the costs, avoid the risks and make your supply chain more stable.