The Times data shows that most imports from the United States’ two closest trading partners continue to qualify for the USMCA trade deal, entering duty-free.
More than half of respondents reported that it can take up to two hours to manually locate and validate a single clause, delaying deals and slowing down the onboarding process for suppliers.
The standoff has prompted automakers and suppliers to slow production over concerns about shortages of Nexperia components, including transistors and logic chips.
Mark Ludwikowski, leader of the International Trade business unit of Clark Hill, explains the various legal justifications that President Trump is making for his wide-ranging tariffs.
Companies seeking to navigate uncertainties arising from the U.S-China trade relationship can take a proactive posture to enhance the competitiveness of domestic production.
While large corporations negotiate directly with carriers using guaranteed monthly volumes, smaller businesses operate in a spot market designed to extract maximum margins from fragmented demand.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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