Some suppliers are concerned about the effect that tariffs could have on Chinese factories:
“China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd. The company, which designs, sources and transports consumer goods from Asia for some of the world’s biggest retailers including Walmart and Nike, is being pushed by American clients to shift production out of China.”
P.S. Tariffs could increase costs for just about everyone in the supply chain. Our courses can help you run a nimble business and keep costs down as much as possible. Check out our Order Forecast class, as well as others, today.