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.
Despite high egg prices and economic uncertainty, Easter spending in the U.S. is projected to reach a record $23.6 billion, with consumers prioritizing celebrations and retailers adjusting offerings to accommodate shifting budgets.
Facing a volatile egg market, the USDA is leveraging global partnerships to stabilize U.S. supplies amid sanitation challenges, bird flu impacts, and tariff threats, with egg imports from countries like Turkey and South Korea. Complex trade opportunities remain for food industry leaders to navigate.
Tariffs rattled the stock market, leading to a sharp overall decline, yet food industry stocks like McDonald’s demonstrated resilience, buoyed by their perceived safety in economic downturns. This reaction highlights the food sector’s potential advantages in navigating recessionary environments.
Fresh tariff legislation is reshaping the food industry’s landscape, with skyrocketing costs and logistical hurdles threatening the flow of fresh produce across North America. To thrive in this era of uncertainty, businesses must embrace innovation, leveraging automated tools and real-time data to adapt swiftly and maintain supply chain efficiency.
The proposed tariffs by the Trump administration on Mexico and Canada are expected to significantly increase fresh produce costs in the U.S.
The Trump administration’s 25% tariff on Mexican goods has left F&B companies scrambling to respond. Many are making contingency plans.
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.
Trump administration tariffs continue to warn the F&B sector; however, there are options to evade its impacts through careful sourcing strategies. Data and new technologies present opportunities for brands to take control of the situation.
