PHILADELPHIA, PA — Companies are overhauling their supply chains in response to shifting trade policies, with a growing focus on Mexico as the top disruptor, according to the Qlik Tariffs Survey. The survey of 500 supply chain and procurement professionals revealed that 49% of businesses now view Mexico as their biggest tariff challenge, surpassing China at 45%.
To address these disruptions, companies are adopting new strategies, with 54% stockpiling goods and 50% increasing domestic sourcing. Sectors like automotive, manufacturing, and aerospace are leading the charge, with many leveraging free trade zones to minimize tariff exposure.
Despite progress in realigning supply chains, the adoption of advanced technologies remains limited. Fewer than 40% of businesses utilize artificial intelligence (AI) for trade decisions, and only 34% rely on predictive analytics, highlighting opportunities for further innovation.
The survey also found that mid-level decision-makers, such as vice presidents, were quicker to respond to trade policies than executives, with 72% preparing before the 2024 election compared to 56% of C-suite leaders. This proactive approach demonstrates a shift in corporate decision-making during uncertain times.
With supply chains growing increasingly complex, real-time data and strategic foresight are becoming crucial for businesses to maintain resilience and a competitive edge. The report underscores the importance of adaptability as companies continue to evolve their operations in the face of global trade uncertainties.
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