In the past year, import tariff rates in the US have changed numerous times and it is sure to change again and again over the coming year. Tariffs will likely not go away over the next few years and will continue to cause added costs and unpredictability for companies. Every time tariffs change companies are forced to make rapid decisions on how to change their supply chain to ensure their costs do not rise significantly.
When tariff changes are announced, companies go through significant exercises to evaluate how to adapt their supply chain to mitigate tariffs. These evaluations take teams of people and months of time. But given how rapidly tariffs change, by the time the evaluation is complete the evaluation is invalidated because the tariffs change again. And many companies don’t even have the resources to run these evaluations and are stuck paying the high tariffs.
Currently, there are no tools available to help companies adapt their supply chain to mitigate the impact of tariffs as the tariffs change. The existing tools just evaluate the impact of tariffs on the supply chain, but companies can’t do much with that information without running their own evaluations on how to adapt their supply chain.
Supply Chain Complete’s revolutionary platform optimizes and redesigns a company’s supply chain in seconds. Our platform is powered by our patent-pending AI+ technology which uses AI,proprietary heuristics, custom algorithms, and advanced data models. When tariffs change, companies can configure the new tariffs in Supply Chain Complete and reoptimize their supply chain. In seconds, companies can see the impact of the tariff changes and see the new optimized supply chain that best mitigates the tariff impact while still considering all of the other tradeoffs including total cost, supplier capabilities, lead times, sustainability goals, and risk tolerances.
Our platform takes companies from reactive to proactive. When tariffs are projected to change, companies can configure the tariff levels in Supply Chain Complete to see the impacts on their supply chain. Rather than waiting for tariffs to change, now companies can act in advance allowing them to be better prepared.
Supply Chain Complete saves companies millions of dollars per year and gives companies a competitive advantage as tariffs shift. For example, if tariffs from one country are rising, Supply Chain Complete could tell the company to start manufacturing in the best alternative country in seconds. While other companies are still evaluating the best alternate locations for manufacturing, you are already working with your suppliers to move your manufacturing. You will get first priority on capacity, save millions in costs, and better utilize resources.
This is just one of the ways that Supply Chain Complete saves companies millions of dollars every year.
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