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What are the implications of #BoomerangTariffs for the #retailsupplier ?What are the challenges they face on pricing strategies?  How can you leverage communication with the Retailer?  How can you mine the data that is so essential in these uncertain times?  #HRG CEO Boyd Evert & Al Frank explore how tariffs could lead to potential unintended consequences for various industries. 

Takeaways

• Boomerang tariffs can significantly impact suppliers' pricing strategies.
  
• Suppliers need to maintain open communication with retailers.
  
• Documenting conversations and decisions is crucial during tariff changes.
  
• Retailers often dictate pricing, leaving suppliers at a disadvantage.
  
• Tariffs may accelerate the trend of reshoring production.
  
• Data analysis is essential for suppliers to manage inventory effectively.
  
• Unintended consequences of tariffs can affect various industries.
  
• Suppliers should be aware of seasonal demand fluctuations.
  
• Maintaining a paper trail can protect suppliers during audits.
  
• Clear expectations between suppliers and retailers can mitigate risks.
  
• Navigating the Nightmare of Boomerang Tariffs
  
• Strategies for Suppliers in a Tariff-Heavy Market
  

Sound Bites

• "If I were a supplier, I would be terrified."
  
• "Retailers have you over a barrel."
  

Chapters
00:00
Understanding Boomerang Tariffs
02:51
Supplier Strategies Amid Tariff Uncertainty
05:07
The Impact of Tariffs on Production and Reshoring
08:00
Data-Driven Decision Making for Suppliers
10:52
Unintended Consequences of Tariffs
13:09
Final Thoughts for Suppliers in Uncertain Times

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! 💡

www.HRG-audit.com
www.SavvySupplierPodcast.com

Need help with managing Deductions and implementing Supplier Best Practices? Help is here!
Email: Boyd.Evert@HRG-audit.com

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"Wiser Decisions, Fewer Deductions"