Dive Brief:
- Emerging trade and technology risks are keeping supply chain professionals “up at night,” panelists from Johnson & Johnson, Molson Coors and Expeditors International said during a session at the Council of Supply Chain Management Professionals’ Edge 2018 conference.
- With recent geopolitical changes, such as tariffs and renegotiation of NAFTA (now known as USMCA), “everybody has to rethink their supply chain,” said Jennifer Diaz, president of the Organization of Women in International Trade, who moderated the panel.
- When assessing risk mitigation strategies for a company, supply chain, logistics and compliance all need a seat at the table before a decision is made, the panelists said.
Dive Insight:
While some risks come in the form of black swans and are nearly impossible to prepare for or predict, others result as an evolution of long-term trends.
Newly elected leaders in many nations have prioritized a shift toward localization and nationalism. U.S. businesses may not have predicted the exact value or types of goods facing tariffs, but the “America first” rhetoric prevalent in President Donald Trump’s campaign was an indication that…
