Navigating the Impact of New Tariffs & Supply Chain Concerns: What You Need to Know
By Tami Christensen, CPA
TGG Account Executive
Connect with Tami on LinkedIn
As we begin the year, new tariffs and ongoing supply chain disruptions are creating challenges that are top of mind for executives like yourself.
TGG’s mission and goal is to be proactive with our partners in addressing these economic developments. Understanding the financial implications is critical for ensuring your organization remains resilient and competitive in the months ahead.
Recent shifts in global trade policies have led to the imposition of new tariffs, impacting industries ranging from electronics to automotive parts, consumer goods, and raw materials. These tariffs could drive up costs and change the pricing dynamics across the supply chain. As business owners, you’re likely facing the pressure to reevaluate pricing strategies, cost structures, and supplier agreements to manage these financial burdens. TGG is a resource and partner with you in navigating these changes.
TGG Value: Each member of our team commits to maintain a forward-thinking growth mindset personally and professionally.
On top of tariff issues, the global supply chain remains under stress due to factors like transportation delays, labor shortages, and raw material shortages. These challenges have a cascading effect on production timelines, inventory management, and distribution. Consult with your TGG CFO for ways to strategically overcome these new challenges.
To navigate these challenges, we at TGG will work with you to take proactive steps that focus on both short-term relief and long-term resilience:
The uncertainty surrounding tariffs and supply chain challenges is likely to persist in the near term. Over half of CFO’s report that supply chain is their highest priority and biggest concern in navigating forward. However, by staying informed and flexible, you can ensure that your company not only survives these turbulent times but thrives through innovative solutions and strategic foresight.
As always, TGG will remain committed to helping you stay ahead of the curve and navigate these complex issues with confidence. Have questions, just ask!