Tag: Nearshoring

Navigating Tariffs in 2025: Global Trade Challenges & Business Strategies

Manufacturers are among the hardest hit by tariffs. They often rely on imported raw materials, components, and machinery to keep production costs down. Increased tariffs in 2025 mean higher input costs. These costs are either absorbed by the company or passed on to consumers through price increases. To counter these challenges, many companies are shifting production, locating it closer to their home markets, and investing in regionalized supply chains.