The Impact of Tariffs on Supply Chains and the Business Environment
In today's interconnected global economy, tariffs have become a key factor that businesses must consider in their supply chain strategies. As governments use tariffs to protect domestic industries or to gain leverage in trade negotiations, these taxes on imports and exports have ripple effects across the entire supply chain, from sourcing raw materials to delivering finished products. The impact of tariffs can be far-reaching, influencing costs, supplier relationships, inventory management, and the broader business environment.