No doubt most supply chains are impacted by tariffs and quotas, but at the moment it can be a good time for finding new opportunities. Proactive procurement functions are developing and executing strategies that mitigate tariff impacts and improve supply chains for business success.

Tariffs are a government-imposed tax on imports of one or more particular commodities. Quotas are the quantity of goods a country can import, meaning they restrict the amount that can be imported. Tariffs and quotas can have significant impacts on supply chains, and to mitigating these impacts falls to sourcing and procurement professionals working together. Businesses that see tariffs as....