In this solo episode of the Everyday Business Problems podcast, Dave Crysler tackles the challenge of exponential cost increases, especially those tied to ongoing tariff conversations. With decades of experience in manufacturing and operations, Dave breaks down the real-world choices businesses face when navigating rising costs: absorb, pass along, or a combination of both. He shares examples from the past and present, including how companies can strategically leverage operational efficiency and supplier relationships to stay competitive and protect margins.
What You'll Discover:
The three real options businesses have when facing major cost increases.
Lessons from past fuel surcharge trends and how they relate to today's tariff impact.
Why absorbing cost increases can be a strategic play to capture market share.
The importance of understanding your cost structure before making pricing decisions.
How supply chain adjustments and vendor consolidation can help offset cost pressures.
Why financial and operational visibility are critical to informed decision-making during times of economic volatility.
