The Savvy Supplier Podcast

Dealing with Tariffs Uncertainty? What's your Action Plan?

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Kevin Stewart from Crowe joins Boyd & Al as they delve into the challenges faced by accounting teams amidst tariff uncertainties. Discover insights on risk management, financial reporting, and strategic planning to safeguard your business.

#Tariffs, #Accounting, #RiskManagement, #FinancialReporting, #StrategicPlanning

Takeaways: 

  1. Stick to your process and playbook amidst uncertainty.
  2. Understand the impact of tariffs on suppliers and customers.
  3. Evaluate contract terms and their implications on pricing.
  4. Develop a plan of action to manage financial risks.
  5. Consider the variability in pricing and its effect on revenue.
  6. Build strong relationships with suppliers and customers.
  7. Use scenario planning to anticipate potential challenges.
  8. Collaborate with legal and finance teams for informed decision-making.
  9. Define a playbook for consistent and disciplined decision-making.
  10. Engage in open communication with stakeholders.

Chapters:

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! 💡

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