US Tariffs in Procurement: What potential tariffs mean for procurement and the supply chain

Sievo's in-house procurement analytics experts provide practical guidance on how to navigate the current tariff landscape to mitigate their effects on your procurement and supply chain. We'll cover tariff regulations, risk management strategies, cost analysis techniques, and the importance of data-driven decision-making in today's complex global trade environment. We will go into how the winners and the losers have handled real-world supply chain disruptions like COVID-19, the Suez Canal incident, and container shortages.

Key Takeaways/Talking Points:

• Proactive Risk Management: Understand how tariffs fit into the broader picture of supply chain risk and learn strategies for proactive tracking, monitoring, and scenario planning to minimize disruptions.

• Cost Control Strategies: Gain insights into how tariffs influence procurement costs and discover practical tools and techniques for assessing and mitigating these impacts. We'll cover the importance of understanding key data points like Country of Origin, Incoterms, and the Harmonized Tariff Schedule.

• Data-Driven Decisions: Learn how reliable data and robust analytics can empower you to make informed decisions quickly, navigate uncertainty, and build a more resilient supply chain. We'll draw on lessons learned from recent disruptions like the COVID-19 pandemic and the Suez Canal incident.