Tariffs in the Garment Industry: Key Takeaways
Lisa Anderson, president of LMA Consulting, participated in a panel discussion on the garment industry to discuss the current status, expected tariffs, implications, and strategies for success.
Lisa Anderson, president of LMA Consulting, participated in a panel discussion on the garment industry to discuss the current status, expected tariffs, implications, and strategies for success.
Moving manufacturing to the U.S. is no simple task. Capital, labor, and automation determine who can succeed—and who gets left behind.
Over the last two weeks, we participated in three supply chain summits, conferences and/or annual meetings (with a west coast bent), and so we thought we'd pass on the key highlights and action items most relevant to our clients and colleagues.
If you have domestic production and you’re going to move products into Southern California because you want to supply customers here, you do have a choice.
Tariffs continue to cause great stress in the financial markets and with certain industries. In fact, it divides manufacturers from distributors, logistics, and goods movement industries largely dependent on imports and trade.
In this Supply Chain Byte, Lisa Anderson, President of LMA Consulting Group, highlights why energy is at the core of everything in supply chain and manufacturing. From powering automation and AI to driving production and logistics, energy access and strategy are critical to growth. As demand soars, companies must rethink how they plan, invest and prepare for the energy needs of tomorrow.
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.
The announcement of reciprocal tariffs has created extreme volatility in the stock markets and nervousness among executives. Geopolitical, supply chain, and cyber risks plague the end-to-end supply chain and have stimulated additional debates about control in the Panama Canal, Greenland, and global supply chains.
Supply chain shortages have improved from their all-time high in Q1 2024. Yet, risks remain high, especially with the increased level of vulnerabilities.
As companies navigate the current risk-laden global environment, regional supply chains have increased in popularity. The wars in Russia-Ukraine and the Middle East have spurred concerns about the risks associated with global supply chains.