Analyst Insight: The trade battle between the U.S. and China has played a major role in causing strategic shifts within supply chains, with U.S. businesses reducing their Chinese manufacturing presence in order to avoid tariffs and rising production costs in China. The trend is expected to continue into 2020, with tensions between the U.S. and China remaining high, and U.S. businesses looking to further reduce costs.

Analyst Insight: Never have tariffs held such a prominent place in the day-to-day global operations of businesses. The current U.S. administration has levied millions of dollars of tariffs on U.S. businesses, regardless of size. As a result, any company that imports or exports is experiencing increased costs to make, move or sell their products. And companies are making significant investments in their global supply chains to mitigate the collateral damage that the trade wars are wreaking.