One-Third of Businesses Not Taking Action on Tariffs — SupplyChainDive.com

A recent survey shows that many businesses aren’t taking any action to address the effects of tariffs:

“One third of businesses are taking no action to mitigate tariffs. Seeking components and assembly outside of China is the most popular remedy (20%) to avoid the impact on operations in China. This is followed by applying for tariff exemptions (15.7%), finding alternative sourcing within China (12.8%), and shifting production out of China entirely (11.7%).”

P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as much as possible — whether their production is state-side or international. Work with our advisors to stay ahead of changes that could impact your business. Book a consultation today.

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