Concerns over the trade war that erupted when Trump announced higher tariffs against most U.S. trade partners this month rippled across the country - including the Inland Empire, the region sometimes called the warehouse of the western United States. But the Inland region might not take as large an [...]
The most important strategy to minimize the impact of sudden tariff changes is to create a resilient supply chain. Addressing tariffs requires a short-term and long-term strategy. In the short term, you must stay ahead of changing conditions, enhance your supply chain visibility so that you know the origin and risks of your end-to-end supply chain and be ready to move rapidly.
Supply chain shortages have improved from their all-time high in Q1 2024. Yet, risks remain high, especially with the increased level of vulnerabilities.
The de minimis exemption disrupts e-commerce, leading businesses to rethink tariffs, logistics, and sourcing strategies for supply chain stability.
The U.S.-China tariff impact is reshaping supply chains. Businesses must adapt with reshoring, diversification, & regional strategies to stay competitive.
Having more diverse, shorter, less complex supply chains creates more resiliency.
In a note released before Trump’s address, LMA Consulting Group, which specializes in manufacturing and supply-chain strategy, said the U.S. must secure stable and diversified sources of rare-earth minerals to protect supply chains and maintain global competitiveness. “Supply chains don’t exist without rare earth minerals — without them, there [...]
Manufacturers are focused on successfully navigating continually changing conditions to serve customers while driving profitable growth. End-to-end supply chains are evolving, creating shifting demand patterns and customer order volatility.
In the second half of 2024, manufacturers in the U.S. and Mexico were in contraction according to PMI readings while Canada showed continual expansion. The Purchasing Managers’ Index (PMI) is based on a survey of private sector executives and measures the health of the economy. Canada has scored in [...]
"Canada and Mexico have integrated supply chains with the U.S. in the automobile and aerospace sectors," Lisa said. "Although I think there might be short term impacts, I don’t think there will be significant tariffs over the medium/long-term."
