Retail Executives Fear Impact of Tariffs, Protectionism as Election Nears
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Transcript of Retail Executives Fear Impact of Tariffs, Protectionism as Election Nears
Source: August 2016 survey of 250 U.S. retail executives, conducted by YouGov on behalf of GT Nexus
GETTING A HANDLE ON THINGS: Retail executives do see technology playing a major role in combating tari�s and trade uncertainty
23%
say it can help better handle costs (assessing cost to serve scenarios, etc)
16%
of retail executives say it can improve risk assessment
23%
of retail executives say it can provide greater inventory agility and flexibility
24%
say technology can provide better communication in the supply chain by connecting trading partners
17%
say it can provide sourcing agility to avoid risks and costs (allows easy shift in sourcing locations)
57%
RETAILERS ARE UNPREPARED:Most U.S. retail executives don’t have a handle on the volume of goods that can be adjusted geographically
THE IMPACT WILL BE NEGATIVE FOR RETAILERS, THEIR SUPPLIERS AND CONSUMERS. HOW?
of retail executives expect higher cost of goods
44%
expect higher risk of delays or disruptions
22%
of retail executives expect more red tape
20%
expect challenges procuring materials and resources
17%
As the 2016 election looms,
U.S. retail executives fear trade
protectionism & tari� policies
U.S. Election Business OutlookDECLINE IN
FREE TRADE
POLICY
INCREASE IN RISK & PRESSURE ON RETAILERS
of retail executives expect to be impacted by tari�s & protectionist measures
46%
don’t know the percentage of goods that can be adjusted to another region to counter
protectionist measures
have no programs in place
for supply chain agility and
flexibility to address
incoming trade risk
68%
currently have plans in
place to provide agility to
proactively address
6%
are very prepared to handle
tari�s on imported goods17%