Calculating the True Cost of Tariffs
Tariffs are reshaping supply chains, squeezing margins, and testing consumer loyalty. In the weeks ahead, food industry leaders will need to pivot quickly, CEOs note.
Tariffs are reshaping supply chains, squeezing margins, and testing consumer loyalty. In the weeks ahead, food industry leaders will need to pivot quickly, CEOs note.
A new survey by Zilliant reveals that nearly half of businesses plan to pass tariff-related costs onto consumers. As companies navigate tariff-related challenges, transparency with consumers will be critical to maintaining trust and avoiding backlash.
President Trump’s unprecedented use of the International Emergency Economic Powers Act to impose tariffs on Mexico, Canada, and China marks a significant shift in trade policy, potentially disrupting supply chains and increasing costs for the food industry. Industry executives must navigate these challenges by adopting strategic tariff mitigation practices.