In this session, we will explore what businesses should know about tariffs, trade actions, and supply chains. Companies should be aware that tariffs and trade actions can significantly impact their supply chains, affecting costs, sourcing strategies, and overall competitiveness. Understanding the nuances of trade policies is crucial for effective planning and risk management. Businesses need to stay informed about changes in tariffs, potential trade restrictions, and international trade agreements to make informed decisions about sourcing materials and products. Additionally, companies should explore strategies for diversifying suppliers and optimizing logistics to mitigate the risks associated with trade fluctuations. By proactively managing these factors, businesses can enhance their resilience and adaptability in a dynamic global market.
Speaker: Kimberly Daniels, CEO of Mercantile Logistics & International Trade (https://www.mlitinc.com). This webinar was presented on April 23, 2021.