Supply Chain Trends To Watch In 2019
My colleagues and I have been writing periodically about the current global trade environment. How could we not? Remember the Trans-Pacific Partnership (TPP)? That topic seems like ancient history. Then the parade of tariffs began (see Tariff Impact: What You Can Do Now to Manage Risk). First we had the tariffs on washing machines and then steel and aluminum.
More recently we have witnessed a volley of tariffs going back and forth between the US and China, and the successful renegotiation of NAFTA into the USMCA. Of course, the negotiations that establish tariffs and trade agreements are impacted by related topics such as economic sanctions. Most recently, Huawei’s CFO was detained by the Canadian authorities (at the request of the US) for violations related to Iran sanctions.