In this Supply Chain Bytes video, Lisa Anderson discusses the top impact to the supply chain from the U.S. presidential election – tariffs, tariffs, tariffs.
In today’s post-election business environment, supply chain executives must be proactive. Tariff increases can create serious disruptions in global sourcing strategies, especially for companies heavily reliant on overseas production. Lisa emphasizes the importance of supply chain agility and responsiveness – traits that can only be achieved by strengthening domestic operations.
If you’re already manufacturing in the U.S., Lisa suggests now is the time to increase capacity, expand capabilities, and secure customer loyalty while your competitors navigate trade uncertainties. In other words: ramp it up! Your customer volume will increase as competitors struggle with tariffs and as companies get in touch to source from them. On the other hand, if you’re not manufacturing in the U.S., start building your reshoring strategy. While you immediately look into reshoring, you should also find additional sources of supply in the U.S. to meet your customer needs.
This episode of Supply Chain Bytes is a call to action for executives who want to future-proof their supply chains, boost resilience, and capitalize on market shifts triggered by evolving trade policies.
Think reshoring and ramp it up! There is no time to waste if you want to stay competitive!
If you are interested in reading more on this topic:
Unlocking North America’s Manufacturing Potential
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LMA Consulting Group works with manufacturers and distributors on strategy and end-to-end supply chain transformation to maximize the customer experience and enable profitable, scalable, dramatic business growth.