Tariffs have ongoing effects on businesses, particularly those with narrow margins, like commodities. Many small and mid-sized businesses (SMBs) have been proactive, preparing for tariffs before they materialized. SMBs adapt quickly compared to larger firms, allowing them to pivot during challenges. The impacts of tariffs are often less severe in sectors with higher profit margins, such as luxury goods, where costs can be absorbed or passed on. Effective supply chain strategies rely on transparency and best practices to mitigate risks and foster resilience.
We produce a more efficient and effective outcome for businesses through best practices and protocols that focus on transparency and visibility - the right suppliers, eyes and ears on the ground, and third-party attestation.
Tariffs have material impacts on businesses, especially those that operate on very thin margins, like the commodity space.
Small businesses are uniquely positioned to pivot and adapt more quickly. It's always harder to turn a much bigger ship.
Many small and mid-sized businesses were thinking about the tariffs months before they even occurred, and started rejiggering and coming up with contingency plans.
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