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.
In this Supply Chain Byte, Lisa Anderson, President of LMA Consulting Group, spotlights the unmatched power of manufacturing in driving economic growth. From job creation and innovation to fueling supply chains and national security, manufacturing is at the heart of a thriving economy. Tune in for a quick dive into why forward-thinking businesses must prioritize and invest in their manufacturing strategy to stay competitive.
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.
The de minimis exemption disrupts e-commerce, leading businesses to rethink tariffs, logistics, and sourcing strategies for supply chain stability.
The U.S.-China tariff impact is reshaping supply chains. Businesses must adapt with reshoring, diversification, & regional strategies to stay competitive.
In the second half of 2024, manufacturers in the U.S. and Mexico were in contraction according to PMI readings while Canada showed continual expansion. The Purchasing Managers’ Index (PMI) is based on a survey of private sector executives and measures the health of the economy. Canada has scored in [...]
"Canada and Mexico have integrated supply chains with the U.S. in the automobile and aerospace sectors," Lisa said. "Although I think there might be short term impacts, I don’t think there will be significant tariffs over the medium/long-term."
Tariffs are making headlines again—but what do they really mean for your supply chain? In this Supply Chain Byte, Lisa Anderson breaks down why tariffs exist, their impact on global trade and what businesses should be doing now to stay ahead. Whether you're managing sourcing, manufacturing or logistics, understanding tariffs is critical to maintaining a competitive edge.
Lisa Anderson, Founder & President of LMA Consulting, discusses with ASC's Brian Peters strategies for companies to address risks to their supply chains due to disruption around the globe and new tariff policy here at home.
Tariffs, tariffs, and more tariffs dominate the conversation.
