Minimizing Tariff Impact Through Global Supply Chain Design

The United States’ new tariffs on China, Mexico, Europe, and counter acts from elsewhere around the world have been a concerning topic in the business world. Since companies have built increasingly complex international supply chains, the impact of these tariffs is much broader this time. However, these tariffs can also be used as a competitive advantage. We need to constantly redesign the supply chain ahead of competition to benefit from the impacts.
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How to Manage Supply Chain Risk

In the modern age of business, technology has made the world more interconnected than ever. This interconnectedness creates many new opportunities. Companies can now source from virtually anywhere in the world, and can create more efficient international supply chains. A company with international relationships, if applied properly, can have distinct competitive advantages such as lower material cost, operational costs, more equipment, labor, and manufacturing expertise. As a result, it can dedicate more effort to their core business.

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How to Manage Overseas Subcontractors

Even without including cultural and language barriers, managing subcontractors overseas is a complicated and challenging task. In addition, oversea subcontractors, especially low cost regions like China, have their unique issues. However, the good news is by identifying and properly handling these issues, they can be resolved and a smooth operating supply chain can be achieved.

At the fundamental level, a product is Continue reading “How to Manage Overseas Subcontractors”