Trends & Issues-II

Mitigating the Impact of Quotas and Tariffs

After decades of pursuing globalization, tariffs and quotas still remain and increase the cost of doing business. These measures impact businesses of all sizes, but there are ways to potentially mitigate the severity of their impacts.By Debra Jenkins

Business leaders would like to think that quotas and tariffs are temporary trade restrictions, imposed due to a particular set of geopolitical circumstances. The thinking is that they will be lifted when circumstances improve, so no need to make radical operational changes. It is a form of operational paralysis, or a wait-and-see strategy. The reality is that quotas and tariffs will always play a role in the global operating ....