Business Breakdown with Brian Bandell Tariffs cost South Florida business over $100k monthly
Jun 2, 2025
Randy Carr, CEO of World Emblem, shares his firsthand experience of how tariffs have cost his company over $100k monthly, affecting prices for consumers. He discusses the challenges businesses face in adjusting pricing strategies amidst rising tariffs on imports. Reporter Courtney Danielle Moore adds insights on the ripple effects these tariffs have on South Florida's retail sector, particularly restaurants dependent on European ingredients. Together, they navigate the complex landscape of tariffs, supply chain shifts, and their broader implications for local enterprises.
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Acquisition Complicates Tariffs
- Randy Carr acquired a competitor whose products are mainly made in China and Vietnam, introducing tariff challenges.
- Moving production from China to Mexico is complicated due to customer expectations and operational difficulties.
Tariff Uncertainty Drains Profit
- Tariffs fluctuate unpredictably, making pricing and strategy planning difficult and uncertain.
- The unpredictability strains cash flow and hurts both business operations and customer relations.
Absorbing Tariffs Limits Growth
- World Emblem absorbs around $100,000 monthly in tariffs without raising prices currently.
- This absorption limits reinvestment in the business and acts like a tax redirecting money away from growth.