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INFOGRAPHIC
%
Tariffs will impact our costs and profitability
%
Localizing manufacturing back to the U.S. will become a top priority
%
Tariffs will drive business uncertainty
%
Nearshoring will become more crucial than ever before
%
Tariffs increase the need for a China +1 strategy
Latest revision confusion
Siloed systems and teams
Production errors
Lack of visibility into supply chain shifts
Product delays
Quality issues
Expediting costs
Dissatisfied customers
Shrinking profit margins
1. Design for Adaptability (DfA):
Allow for easy substitution of components and materials through modular design. Implement flexible manufacturing processes to scale production up or down.
1. Design for Adaptability (DfA):
Allow for easy substitution of components and materials through modular design. Implement flexible manufacturing processes to scale production up or down.
2. Reshoring or Nearshoring:
Move production closer to home to reduce exposure to geopolitical instability, tariffs, cyber threats, and transport delays.
2. Reshoring or Nearshoring:
Move production closer to home to reduce exposure to geopolitical instability, tariffs, cyber threats, and transport delays.
3. Supply Chain Diversification:
Reduce dependency on a single source to minimize the impact of disruptions.
3. Supply Chain Diversification:
Reduce dependency on a single source to minimize the impact of disruptions.
4. Just-in-Case (JIC):
Hold buffer inventory, excess capacity, or extra resources to ensure continuity in the face of disruptions.
4. Just-in-Case (JIC):
Hold buffer inventory, excess capacity, or extra resources to ensure continuity in the face of disruptions.
5. Cost Optimization:
Renegotiate supply contracts to lock in prices and avoid sudden rate increases or seek lower-priced alternate parts.
5. Cost Optimization:
Renegotiate supply contracts to lock in prices and avoid sudden rate increases or seek lower-priced alternate parts.
6. Frontloading:
Import large volumes of goods ahead of anticipated tariff increases or trade policy changes.
6. Frontloading:
Import large volumes of goods ahead of anticipated tariff increases or trade policy changes.
7. First Sale:
Base the declared value of goods on the price paid by the middleman to the manufacturer, rather than the final sale to reduce tariff costs.
7. First Sale:
Base the declared value of goods on the price paid by the middleman to the manufacturer, rather than the final sale to reduce tariff costs.
8. Tariff Engineering:
Design or modify products in a way that qualifies them for a lower tariff classification under the Harmonized Tariff Schedule (HTS).
8. Tariff Engineering:
Design or modify products in a way that qualifies them for a lower tariff classification under the Harmonized Tariff Schedule (HTS).
9. FTZ (Foreign-Trade Zone) Utilization:
Use designated regions where imported goods can be stored, processed, or assembled without being subject to customs duties until they enter the domestic market.
9. FTZ (Foreign-Trade Zone) Utilization:
Use designated regions where imported goods can be stored, processed, or assembled without being subject to customs duties until they enter the domestic market.
Maintain control of the product record amid factory relocations, supplier changes, and other operational shifts
Keep product teams and partners connected and gain full visibility with secure, real-time collaboration
Proactively manage electronic component risk with actionable insights
Enhance traceability and streamline regulatory compliance with a single source of truth
Discover how cloud-native PLM, QMS, and supply chain intelligence solutions can help you navigate today’s uncertainty and accelerate innovation.
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