Many businesses are reconsidering their supply chains due to Trump's tariffs on goods imported from China. Some industry leaders assert that relocating production would be more costly than paying the tariffs. Michael Wieder, cofounder of Lalo, highlighted the challenges of finding new suppliers and ensuring compliance with safety regulations for children's products. With ongoing tariff inflation and uncertainty in policy, companies are focusing on negotiating costs with existing suppliers to mitigate financial impacts, revealing the complexities involved in global supply chain management.
It can be way more expensive to move your supply chain than to eat the tariff,
We're going to work with our suppliers to negotiate our costs down where we can to make sure it doesn't impact our business.
Tariffs are inflationary, there's no doubt about it.
Uncertainty in policies may pose bigger challenges in business planning.
Collection
[
|
...
]