Cost Cuts, Production Shifts: How Medtech Firms Are Managing Tariffs

Cost cuts, production shifts: How medtech firms are managing tariffs

Many companies forecast specific tariff charges. Then the White House and China agreed to a 90-day pause in their trade standoff.

Diageo targets €440 million in cost cuts to counter US tariffs - Shelflife Magazine

Diageo plans to cut €444 million ($500 million) in costs over the next three years as it faces mounting pressure from US trade tariffs. According to the company, the tariffs introduced under Donald Trump are expected to cost Diageo $150 million annually. The company estimates it can offset about half of this impact. Despite these headwinds, Diageo reaffirmed its full-year guidance and anticipates stronger sales growth in the second half of its f…

Time to go see for myself

I’ve spent almost three decades in the automobile industry. And I’ve never been to the country that has the largest automotive industry on earth, at least in terms of manufacturing. Time for that to change. By the time you read this I will have been to China as part of the 2025 CADA China Study Tour. We’ll be over there from the 15th to the 25th of April, spending time in Beijing, Shanghai and Hefei. I have to give great credit to Bruce Rosen an…

Automotive Industry Tariffs: Cut Costs With Outsourcing 2025

New tariffs are making it more expensive to build cars. From parts and materials to shipping and labor, automotive industry tariffs are raising costs across the board. This puts extra strain on car makers who are already working hard to stay on schedule and meet customer demands.  With so much uncertainty in global trade, many companies are turning to outsourcing as a smart way to lower costs and stay flexible. By handing off tasks such as custo…

Transpacific trade braces for post-tariffs cargo surge

The agreement between the US and China to ease tariffs caught shipping lines off guard, triggering a readjustment to Transpacific capacity.

How Trump's 90-Day Pause on China Tariffs Could Affect Logistics

For US logistics firms, the 90-day tariff pause was welcome news. But what is the real impact, and what happens next?