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.
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.
End-to-end supplier due diligence is the foundation of resilient supply chains. The process (from selection to segmentation and management) involves carefully evaluating and selecting suppliers based on their ability to fulfill your business needs.
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