Product Sourcing

The U.S. and China issued a joint statement on Monday announcing an agreement to cut reciprocal tariffs for 90 days, with both sides "recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship." Representatives from both countries convened for talks in Geneva, Switzerland, this weekend in a bid to establish the basis…

Recent changes in U.S. trade policy, including the imposition of new tariffs and the suspension of the de minimis exemption, have significant implications for supply chain and procurement professionals. Understanding these impacts is crucial for navigating the evolving landscape. End of De Minimis Exemption: What it Means for Costs and Compliance The suspension of the…

In an era of compound volatility, uncertainty is the only constant. For retailers, the latest disruption is a wave of tariff actions complicating costs and supply chains, highlighted by evolving discussions on goods from Mexico, Canada, and the European Union. How Best to Respond? Resilient retailers are taking a two-pronged approach: using data-driven decisions to…

The economic climate retailers face today is next level. Rising tariffs, volatile supply chains, and shifting consumer expectations are making it hard to navigate. The rapid increase in costs across retail categories — e.g., cosmetics, pharmaceuticals, packaging, and sporting goods — is putting pressure on already slim margins, forcing businesses to reevaluate inventory planning and…

President Donald Trump on Monday met with chief executives from three of the nation’s top retailers, who came to the White House to discuss how his sweeping tariff plans could impact their import-heavy business models, reports CNBC. Walmart CEO Doug McMillon, Target CEO Brian Cornell, and The Home Depot CEO Ted Decker were in attendance…

Retailers are feeling whiplash after President Donald Trump announced Wednesday he would not be moving forward — at least in the short term — with many of the additional tariffs he had promised would take effect this week. The president took to the social media platform Truth Social to announce a 90-day pause on tariffs…

Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China, reports Reuters. These businesses, much like Nike and Lululemon, face an impossible choice: offset the cost of tariffs by raising prices by some 40 percent —…

For decades, the upholstered furniture industry, like many others, has witnessed the U.S. manufacturing landscape shift toward cheaper labor markets abroad, driven by cost savings and profit margins. Beginning in the late 20th century, companies moved manufacturing to countries like China, Mexico, and Vietnam. While this globalization brought short-term benefits, the long-term impact has been…

With Trump back in office and paving the way for new tariffs, retailers can expect significant supply chain disruptions and cost fluctuations in 2025. Navigating these new tariffs means understanding the impact across key areas and adjusting supply chain strategies accordingly. Here's how retailers can strengthen their operations and protect their bottom line in preparation…

China announced it was levying tariffs on select imported U.S. goods Tuesday in response to President Donald Trump's imposed 10 percent tariffs on China, which went into effect Tuesday. The Associated Press reported that China would implement a 15 percent tariff on coal and liquefied natural gas (LNG) products as well as a 10 percent…