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Trade Wars Put U.S. Small Business on the Front Line

Supply Chain Brain

As an example, China has imposed tariffs on farm products and seafood, as well as autos; and the companies affected can be small food exporters, agricultural supply companies, or auto parts suppliers. It requires substantially less documentation and processing cost to ship a $700 product from Canada to the U.S.

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Logistics Bureau Supply Chain and Logistics News Roundup, July 2022

Logistics Bureau

That spells big trouble ahead for food producers and agricultural enterprises reliant on such commodities. The war continues to induce a welter of problems that are adding up to a nightmare scenario for global business, and many companies must look expeditiously to mitigation strategies. Yes, it’s a Strategy.