This episode cuts through the complexity of tariffs, explaining their direct impact on retailers, manufacturers, and ultimately, consumers and employees. It features Jon Gold from NRF, providing essential insights into navigating the changing trade landscape and understanding the trickle-down effects of tariff policies on retail operations and profitability.
Key takeaways
Tariffs will increase costs across the supply chain, impacting sourcing, logistics, and ultimately consumer prices due to "trickle-down" effects.
Retailers need to understand customs policy and trade regulations to adapt their strategies and mitigate risks associated with new tariffs.
Small businesses are already feeling the direct financial impact of tariffs, highlighting the need for proactive cost management and strategic adjustments.
Organizations like the NRF play a crucial role in advocating for retailers and providing resources to understand and respond to trade policy changes.
Everyone in the United States — and everyone who trades with the U.S. — is likely to experience the impact of the administration’s newly implemented and proposed tariffs. Small business owners and manufacturers can already feel the effects, and it’s only a matter of time before the increasing costs trickle down to consumers, employees and communities. NRF's Vice President of Supply Chain and Customs Policy Jon Gold explains what retailers need to know about this complicated topic, and we hear from small business owners about how the tariffs are impacting them. Learn more at retailgetsreal.com.
What does this episode say about supply chain & operations?
Tariffs will increase costs across the supply chain, impacting sourcing, logistics, and ultimately consumer prices due to "trickle-down" effects.
What does this episode say about retail & omnichannel?
Retailers need to understand customs policy and trade regulations to adapt their strategies and mitigate risks associated with new tariffs.
What does this episode say about supply chain & operations?
Small businesses are already feeling the direct financial impact of tariffs, highlighting the need for proactive cost management and strategic adjustments.
What does this episode say about supply chain & operations?
Organizations like the NRF play a crucial role in advocating for retailers and providing resources to understand and respond to trade policy changes.
