The So What from BCG
Navigating the New World of Tariffs and Trade
May 7, 2025
Marc Gilbert, the global lead of BCG's Centre for Geopolitics, and Michael McAdoo, BHI Fellow and founding member of BCG’s Geopolitics and Trade Practice, dive into the unpredictable world of tariffs and trade. They discuss how companies can enhance supply chain flexibility and embrace scenario planning in the face of shifting geopolitical landscapes. The conversation highlights the importance of supplier diversity and strategic agility to navigate current trade dynamics, particularly in the context of U.S.-China relations.
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Quick takeaways
- Companies must enhance supply chain flexibility and scenario planning to navigate the unpredictable landscape of global trade tariffs.
- Developing 'geopolitical muscle' is essential for executives to adapt strategically to the complexities of an evolving trade environment.
Deep dives
The Shift in Global Trade Dynamics
A significant shift in global trade dynamics is occurring, characterized by unprecedented levels of volatility and changing tariff policies reminiscent of the early 1930s. Companies are facing a new era of trade uncertainty, with tariffs fluctuating rapidly and prompting concerns about supply chain resilience. This environment demands that businesses reassess their operating models, as reliance on traditional supply chains may no longer be viable. Leaders must navigate this landscape by expanding their networks of suppliers and adjusting their geographical footprints to mitigate risks and seize growth opportunities.
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