Leadership Insights

President-elect Trump's promise to raise tariffs would hurt apparel and durable goods manufacturers and retailers, in particular, says Bea Chiem, retail director at S&P Global Ratings.

Last week, I represented RapidRatings at SAP Spend Connect Live 2024, a premier event that brings together procurement leaders around the globe to discuss the latest-and-greatest in supply chain management.

While consumers will undoubtedly feel the pain, the most significant repercussions will be felt upstream by suppliers, who are already operating on thin margins due to rising costs and high interest rates.

A supply chain is only as strong as its weakest supplier. When a supplier fails, an organization's entire production line can suffer. To safeguard operations, organizations need to proactively monitor the financial health of their suppliers, especially private ones, at least twice a year.