The impact of changes in tariffs can be difficult to predict. Tariffs are taxes imposed by a government on imported or exported goods. They can be either specific or compound.
Integrating tariff forecasts into contract negotiations adds a layer of foresight and protection for both parties. Contracts that once operated on fixed pricing models now include tariff adjustment clauses and shared risk models.
Technology is transforming the way companies manage tariffs and contracts. A U.S.-based electronics company had a five-year supply contract with a Chinese component manufacturer. The company was forced to absorb $7 million in unplanned costs.
Establishing a long-term plan for the future of the world's economy. Developing a plan for a long term strategy for the world’s economy.
