ProcurementIQ presents this tariff decision tree, laying out considerations for buyers involved in the procurement of products and inputs that may be affected by the various tariffs imposed by the Trump Administration. While the decision tree primarily focuses on procurement of finished goods, such considerations can be applied to the purchase of many products and inputs.
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Coronavirus Risk Assessment - Auto & Auto Parts Manufacturers
The escalation of the COVID-19 (coronavirus) outbreak poses a high risk to the auto part and automotive sector. A high level of risk stems from the virus’ negative impact on the industries that make up the auto part and automotive sector.
Coronavirus Risk Assessment - Commodities, Chemicals & Raw Materials Manufacturers
Manufacturing output and profitability have been harmed due to raw material shortages. Due to China’s presence as a major supplier for raw materials, metals and most commodities, businesses are scrambling to effectively source manufacturing materials from new vendors outside of the impact of COVID-19 (coronavirus).
Coronavirus Risk Assessment - Construction, Engineering & Real Estate
Fears of the COVID-19 (coronavirus) outbreak spreading are affecting the construction, engineering and real estate sectors. The construction industry in particular is bracing for sluggish short-term growth caused by supply chain disruptions.