The FDA recently delayed the compliance date for a fiercely debated section of the Food Safety Modernization Act which requires additional record-keeping requirements for “high-risk” foods. Overall, the industry is pleased with the decision.
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.
One veteran supply chain expert said the ongoing North American trade war is the most volatile he’s ever seen. The trade spat has several wrinkles – not the least of which is the fact that Canada is the world’s largest exporter of canola, as well as potash that’s used to produce fertilizer.
Recent supply chain disruptions further prove that operators need to consider ways to integrate resilience into their approach. One key method is through integrating flexibility into shipment processes.
