Trust More: A New Year’s Resolution For Supply Chain Executives
At the start of 2017, I wrote a post highlighting four things supply chain and logistics professionals should stop doing in the new year. Last January, I updated the list and added a couple of more things to stop doing in 2024 and beyond (see “Supply Chain New Year’s Resolutions: Things To STOP Doing In 2024”).
This year, I want to start a new list, but this one focused on things supply chain and logistics professionals should START DOING MORE in the new year. I’ll share one today: start trusting more.
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Mitigating Impact of Tariff War
Most of the Section 301 tariffs the United States levied on China imports in 2018/19 remain in place, and in May 2024 the Biden administration raised tariffs on $18 billion of Chinese goods, including semiconductors and electric vehicles. Regardless of who wins the presidential election, tariffs will play a role in U.S. trade policy in the next few years. Meanwhile, the EU is pushing ahead to implement a 45% tariff on Chinese electric vehiclestoo. In short, the risk for a global trade war, with tit-for-tat tariffs, is growing as we head into 2025. Is this a concern for your company as you develop your supply chain plans and strategies for 2025? What actions will you take (or have you taken) to mitigate the cost impact?
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Reimagining Transportation Procurement: Leveraging Data and Technology for Smarter Freight Decisions
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