Retail Gets Real · with Scott McCandless · October 28, 2019 · 22 min
Summary
The ongoing trade war and tariffs are directly impacting retailers and consumers through increased costs and potential product shortages. This episode sheds light on how tariffs are implemented, their cascading effects on the retail supply chain, and the strategic decisions retailers are making to mitigate these impacts, including sourcing alternatives and price adjustments. It also covers the role of industry associations like NRF in advocating for retailers and offers expert perspectives on the future outlook of trade policy.
Key takeaways
Tariffs significantly increase the cost of goods sold for retailers, forcing strategic decisions around pricing and sourcing.
U.S. businesses and consumers are ultimately paying the price for tariffs, leading to higher consumer prices and potential product availability issues.
Retailers are responding to tariff uncertainty by exploring alternative sourcing options and adjusting pricing strategies.
Industry associations like the National Retail Federation (NRF) play a crucial role in lobbying and advocating for retailers' interests during trade disputes.
The episode provides expert opinions on the geopolitical context and economic motivations behind the trade war, along with potential resolution paths.
As the trade war continues, U.S. businesses and consumers are paying the price, but how did we get here and what is the end game? Scott McCandless, Trade Policy Leader for PwC US joins the podcast along with NRF Chief Lobbyist David French to shed light on how tariffs are impacting the industry. Learn more at retailgetsreal.com.
What does this episode say about supply chain & operations?
Tariffs significantly increase the cost of goods sold for retailers, forcing strategic decisions around pricing and sourcing.
What does this episode say about finance & fundraising?
U.S. businesses and consumers are ultimately paying the price for tariffs, leading to higher consumer prices and potential product availability issues.
What does this episode say about founder & leadership?
Retailers are responding to tariff uncertainty by exploring alternative sourcing options and adjusting pricing strategies.
What does this episode say about supply chain & operations?
Industry associations like the National Retail Federation (NRF) play a crucial role in lobbying and advocating for retailers' interests during trade disputes.
What does this episode say about supply chain & operations?
The episode provides expert opinions on the geopolitical context and economic motivations behind the trade war, along with potential resolution paths.
