Steel tariffs - our guide on how to avoid the supply chain crisis on the horizon

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This summer you would have been hard pressed to miss the news arriving from across the Atlantic with the imposing of 25% tariffs on imports of steel and 10% on imports of aluminium to the US – with only a handful of nations escaping the costs.

 

The tariffs are already representing a huge drag on supply chains, which the International Monetary Fund (IMF) estimates will reduce global growth in 2019 from 3.9% to 1.9%.

 

Whilst it’s impossible to predict the exact future impact, a whitepaper produced by Achilles will outline our initial analysis demonstrating there is a need to act now in order to offset supply risk and a significant reduction in margins. The risk is not just in primary steel supply either – prices for goods made from metals or services that depend on metal products will also rise, and disruptions could impact delivery.

Steel tariffs - our guide on how to avoid the supply chain crisis on the horizon