All of the protectionist tariffs that are being imposed are surely upsetting the world order in international trade. The starting position that initiated all of this was that it was to protect national security in the U.S., largely from its Allies! Seriously?
This is all politically motivated with the intent of generating more jobs within the U.S. and improving real, or perceived, trade imbalances by the richest country in the world. Not unexpectedly those countries that have been hit by tariffs from the U.S. are responding in kind to protect their own interests. The death spiral spins on.
While we must wait to see how all of this mess sorts itself out the Supply Chain leaders of today must create and implement the strategies necessary to combat these trade complications and ensure the ongoing integrity of their Supply Chains.
Continue reading “Trade War Myopia and Supply Chain Leadership!”