(Shefali Kapadia – Supply Chain Dive)
While some risks come in the form of black swans and are nearly impossible to prepare for or predict, others result as an evolution of long-term trends.
Newly elected leaders in many nations have prioritized a shift toward localization and nationalism. U.S. businesses may not have predicted the exact value or types of goods facing tariffs, but the "America first" rhetoric prevalent in President Donald Trump’s campaign was an indication that trade protectionist measures were coming.
“Now tariff engineering is coming to life,” Diaz told attendees at the session. Companies are exploring what changes they can make to their products or supply chains to avoid newly imposed tariffs, considering options from the use of foreign trade zones to changes in warehousing and distribution, she said. Click here to read more.