2019 Outlook – Industries: Survey Shows Trade Tensions Weigh on Sourcing Strategies

China 2530 Outlook 66 Quote Watch 229 Tariffs 1614 U.S. 4478

A resolution, or otherwise, of the U.S.-China trade war will be one of the defining issues for global supply chains in 2019. Panjiva surveyed over 270 corporations in the past three weeks to determine businesses’ views and plans regarding the imposition of bilateral tariffs. Only 8% of respondents had not already been affected by tariffs since last July, with 43% postponing investment or other decisions as a result. Fully 71% of respondents plan to formulate new strategies as a response, while the level of tariffs will make a meaningful difference to companies’ willingness to act. Two-t...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.