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In this episode of The Savvy Supplier, Boyd Evert, CEO of HRG, and Kevin Stewart, Partner at Crowe, discuss the uncertain future of tariffs and effective strategies for risk mitigation. With the U.S. Supreme Court set to hear vital tariff cases the day after their Plenary Session at the RVCF conference, this conversation is timely and packed with insights crucial for Suppliers & Retailers alike.
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#### Key Topics Discussed:
- **Impact of Tariffs on Pricing:**
- Understanding how tariffs affect pricing structures across the supply chain.
- Who will absorb tariff costs?
- **Inventory Management Strategies:**
- How to manage inventory levels in light of tariff-induced price changes.
- The importance of proactive buying ahead of tariff implementation.
- **Case Studies and Real-World Examples:**
- Analysis of past instances where tariffs significantly impacted pricing and inventory, particularly in consumer electronics and automotive sectors.
- Lessons learned from 2018 demand surges and their implications for current strategies.
- **Communication and Alignment:**
- The necessity for cross-departmental alignment among sales, finance, and supply chain teams.
- Strategies for ensuring that all parties are on the same page regarding pricing and inventory management.
- **Key Takeaways for Conference Attendees:**
- Focus on controllable factors amid volatility.
- Importance of governance and rapid response strategies.
- The need for effective communication and management of pricing deviations.
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- Register now to see Boyd & Kevin's Talk at the RVCF Conference at www.RVCF.com
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#### Episode Highlights:
Discussion of the upcoming Supreme Court hearing on tariffs.
Insights on managing inventory levels during tariff fluctuations.
The role of communication in effective risk management.
Key Takeaways for suppliers and retailers.
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**Thank you for listening to The Savvy Supplier!** Our goal is to help you save Time & Money. "Wiser Decisions, Fewer Deductions"
See you next time!
Welcome to “The Savvy Supplier,” your go-to podcast for navigating the ever-changing landscape of retail supply! Join us as we dive into expert insights and actionable tips to help retail suppliers save time and money. From tackling inflation to optimizing operations, we’ve got you covered. Tune in every week for strategies that empower you to thrive in a competitive market. Don't miss out—subscribe now and become a savvy supplier! 💡
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"Wiser Decisions, Fewer Deductions"
27 episodes
