These are “crazy times” for global traders. Have the old methods of planning become useless?
How, indeed, does an importer or exporter plan for “crazy”? The punishing tariffs that are the result of the ongoing trade war between the U.S. and China are having a huge impact on the price of raw materials and finished goods alike. Buyers and sellers can’t be sure from one moment to the next what their costs are going to be, or even if they’ll have access to key markets. In this environment of deep uncertainty, old planning techniques go out the window. On this episode, we get guidance on how to navigate the new world of international trade from Sue Welch, chief executive officer of Bamboo Rose. She discusses how companies can anticipate future trends in a time of economic and political chaos. Is this a passing storm, or the new normal? Says Welch: “I don’t think there’s a normal to turn back to.” Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
A white paper from Bamboo Rose on “Mitigating Retail Risk With What-if Costing.”