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December 12, 2018

Answers to China Tariffs: Strategy for Protecting Your Product Costs

On September 23rd, President Trump initiated third set of tariffs which increased prices on almost $150 Billion worth of products in a variety of industrial sectors. There was also some military action in South China Sea which shows belligerent Chinese naval ships engaging in skirmishes with US vessels. These military actions as well as stubborn attitude by the leaders of both countries have made many executives uncomfortable with their existing supply chains. MES is continuing to receive numerous inquiries from its customers asking for solution to: 1] Avoid tariffs and costs 2] Develop temporary solutions to reduce or nullify tariff costs 3] Develop a longer-term supply chain strategy to offset impact from China based supply chains MES offers sourcing solutions from three countries to help its customers diversify supply chains away from China. These are: A] India MES has had a sourcing office in India since Oct’ 2010. It buys […]