Category: Supply Chain Trends
7 Strategies to Navigate the Trade and Tariff Volatility
Ever since the first tariffs were enacted on imports from China, many retailers, wholesalers and manufacturers have been in a panicked state. The tariffs have increased import prices on various products, leading to the choice for companies to absorb the costs themselves or pass onto consumers. This has also driven down consumer confidence as well, which is contributing to a slowing economy. Even with the talk of rollbacks, both economies have already suffered billions of dollars of losses. One recent study shows the tariffs threaten almost 1.5 million US jobs and more than $180 billion of nationwide economic activity. [...]
