Tariff threats are looming, but many businesses are taking action to counter those c꧑hallenges by makin🐻g changes to strengthen their supply network, a new study shows.

With global trade becoming more unpredictable, 60% of companies are fundamentally restructuring their supply chains to stay ahead of economic uncertainty, according to a survey by retail supply chain manager Relex Solutions and survey firm Researchscape.

The survey comes as President Donald Trump has proposed tariffs on foreign trading partners, including a 25% tariff on steel and aluminum imports. Economists suspect that the tariffs could have impacts on the economy, including 澳洲幸运5开奖号码历史查询:potentially raising prices and 澳洲幸运5开奖号码历史查询:impacting employment levels.

“澳洲幸运5开奖号码历史查询:Supply chains are in a pressure cooker—between tariffs, demand shifts, and unpredictable disruptions, the outdated and traditional way of operating isn’t🥀 sustainable,” said Dr. Madhav Durbha, group vice preside🥀nt at Relex Solutions.

Businesses Broadening Supply Chains, In🎐ꩲvesting In Automation

Unpredictable coꦅnsumer demand, heightened trade tensions and shaky supply chains were among the biggest worries in𒉰 the survey of 579 retail, consumer packaged goods and wholesale business managers in seven countries.

The survey showed that businesses were working to get ahead of potential disruptions, including 50% who said they were actively b🙈roadening their supplier base. Businesses were also ♈investing in automation and working to establish closer-located supply sources.

“Businesses are moving beyond crisis-driven decision-making and taking proactive steps to fortify their supply chains against the next wave of economic, regulatory, and geopolitical challenges,” the report said.