Reported about 8 hours ago
Vinny Licata, head of logistics at Fictiv, indicates that new tariffs implemented by the Trump administration are becoming the 'new normal' for global supply chains, affecting over 90 U.S. trade partners. With varying tariffs imposed on goods from countries like Brazil, Canada, and China, businesses are adjusting to the reality of higher duties as negotiations for trade agreements continue. While some industries may be more affected than others, the trend towards nearshoring in the Americas persists, emphasizing the importance of understanding total landed costs for effective sourcing.
Source: YAHOO