Wednesday, February 19, 2025
HomeFinanceHow Businesses Are Adapting As They Face Trump's Tariff, Supply Chain Threats...

How Businesses Are Adapting As They Face Trump’s Tariff, Supply Chain Threats | Global News Avenue

How Businesses Are Adapting As They Face Trump’s Tariff, Supply Chain Threats

Key Points

  • A new study shows that companies are restructuring supply chains in order to prepare for tariffs and other uncertainties in global trade.
  • Consumer demand for retail, trade tensions and unstable supply chains are the biggest concerns in the survey of retail, packaging goods and wholesale businesses.
  • Companies say they are actively expanding their supply networks and investing in automation as they face global trade challenges.

Tariff threats are imminent, but many businesses are taking action to address these challenges to strengthen their supply networks, a new study shows.

As global trade becomes increasingly unpredictable, 60% of companies have fundamentally reorganized Supply Chain Stay ahead of economic uncertainty, according to a survey by retail supply chain manager Relex Solutions and research firm Researchscape.

President Donald Trump launches investigation tariff Foreign trading partners, including 25% tariffs on steel and aluminum imports. Economists suspect tariffs may have an impact on the economy, including Possible to increase prices and Affect employment level.

Supply Chain In pressure cookers – between tariffs, demand transfers and unpredictable damage, obsolete and traditional ways of operation are unsustainable. ” said Dr. Madhav Durbha, vice president of Relex Solutions Group.

Enterprises expand supply chain and invest in automation

Unpredictable consumer demand, heightened trade tensions and a shaky supply chain are one of the biggest concerns in the survey of 579 retail, consumer packaging goods and wholesale business managers in seven countries.

The survey shows that businesses are working to lead the potential disruptions, including 50% of whom say they are actively expanding their supplier base. Enterprises are also investing in automation and working to establish a close-range supply source.

“Businesses are moving beyond crisis-driven decision-making and taking positive steps to strengthen their supply chains to withstand the next economic, regulatory and geopolitical challenges,” the report said.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments