Reduce Tariff Impacts on Supply Chains
Global trade is in an unpredictable era. But you can swiftly adapt to shifting global trade and tariff policies with data-backed, strategic supply chain design and planning.
Plan for tariff impacts
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Create a tariff-optimized supply chain strategy Take a proactive approach to define your current network, assess tariff implications, and explore alternate strategies to reduce tariff impact. Evaluate the trade-offs between cost, service, and risk in selecting production and sourcing locations. Balance tariff mitigation with operational efficiency to meet business goals.
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Understand value-add & duty drawback opportunities Learn how specific tariffs may impact your input and manufacturing costs and explore potential ways for your company to qualify for duty drawbacks or reduce tariff impacts with strategic value addition. Gain clarity on exactly how goods flow through your current supply chain so you can understand where, when, and how to act to qualify for duty drawbacks.
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Reduce cumulative tariff impact in the supply chain Tariffs can easily compound: tariffs on raw materials can be added to goods at the semi-finished goods stage or tacked onto finished finished goods. Avoid the cumulative impacts of multiple tariffs by analyzing and evaluating raw materials inputs, manufacturing costs for semi-finished goods, and the cost of goods sold for finished goods.
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Protect profit margins & stay competitive Passing on costs to customers can be risky — you might end up reducing demand for and competitiveness of your goods in certain markets. This is where scenario planning comes in: avoid the riskiest actions by evaluating scenarios that can help you decide the best action under any tariff or global trade challenge.
