The ongoing tit-for-tat trade war between the U.S. and China has procurement teams at most global enterprises on edge. The volatile nature of this trade war creates unpredictability and uncertainty that is starting to impede procurement operations and enterprise profitability. Does your team have a plan for absorbing the impact of the new tariffs?
This timely paper from GEP, The Trade War: Procurement’s Winning Strategies for Contending With Tariffs, lists three main issues that business leaders must consider when formulating procurement strategy to minimize the impact of the trade war. The paper also shares recommendations for working with suppliers to maximize opportunities in the current economic climate.
- How to accurately assess impacts of tariffs
- Case studies of companies in several industries
- Important actions for procurement to take right now
A must-read for every procurement pro and C-suite executive.