In a world that’s growing increasingly concerned about corporate commitments to environmental and social responsibility, top cocoa producers Ivory Coast and Ghana are planning to make a move that goes against the tide.
Companies are beginning to realize there’s more to lose from offending consumers who are aware of how cheap plastic products feed global warming, choke oceans, kill wildlife and — more slowly — threaten us. This is especially the case when it comes to packaging.
Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Cheeses from France, Italy and the Netherlands, wines, Scotch whisky and Greek canned peaches are just some of the European exports whose prices are set to rise in the U.S. after the Trump administration announced new tariffs on billions of dollars of EU products starting Oct. 18.
Challenge: Since February 2018, the cost of duties for U.S.-China operations has substantially grown. There are now $550 billion in tariffs applied exclusively to Chinese imports, while China has imposed $185 billion on U.S. goods.