Supply Chain Strategy Collides With Logistical Reality

Jean J. Sanders

The nature of globalization is changing. Supply chains are challenged – from tariffs to the pandemic, and Russia’s invasion of Ukraine. The strategy recommendation is resiliency through diversification. The logistics are incredibly complex. We will look at some of the top factors driving this change.

Tariffs, Russia and Ukraine

Let’s start with the tariffs that were initiated by the U.S. in 2018 that led to businesses and consumers paying more for products imported from countries where the duties were applied. What started out as a trickle with tariffs on $8.5 billion on imports of solar panels and $1.8 billion in washing machines from China snowballed into tariffs on $350 billion of Chinese imports. Tariffs were then imposed on imports of steel and aluminum mostly from Canada, the EU, Mexico, and South Korea. 

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