Managing Tariff Turbulence in Supply Chains

Retailers are navigating the most volatile trade environment in decades. With sweeping new U.S. tariffs and a growing wave of retaliatory duties from key trade partners, global sourcing strategies are under intense pressure. This special breakout edition of the Retail Sourcing Report provides an in-depth look at how tariffs are reshaping the retail landscape—and offers eight critical strategies to help brands and retailers adapt.

This report delivers actionable insight into the costs, risks, and opportunities presented by today’s turbulent trade climate. Sourcing leaders will find data-backed guidance on scenario planning, cost mitigation, and supply chain resilience—along with the agility strategies needed to adapt sourcing plans quickly as trade conditions evolve. With volatility mounting, the cost of inaction for retailers is steep.

Key takeaways:

• New tariffs are impacting nearly every link of the supply chain, with rates as high as 145% on China and retaliatory duties hitting U.S. exports across key sectors.

• Scenario planning is now essential. Retailers must simulate sourcing, pricing, and inventory scenarios in real time to respond swiftly to shifting trade policy.

• Inventory strategies are evolving fast, with many companies adopting just-in-case models to buffer against tariff shocks and front-loading risks.

• Supplier diversification is no longer optional. Sourcing from multiple regions—and maintaining real-time supplier directories—is critical to mitigate tariff exposure.

• Technology is the differentiator. AI-powered traceability, cost modeling, and centralized supply chain data enable faster, more informed decisions.

• Nearshoring strategies must be reassessed, as tariffs on Canada and Mexico undercut long-held assumptions about regional trade stability.

Download the report now to access the latest data and expert guidance on managing tariff turbulence in 2025.