February 4, 2025
Mapping Your Supply Chain: A Key Strategy for Navigating Tariff Uncertainty
With tariffs on Mexico and Canada delayed by a month but still looming, and China tariffs remaining a concern, now is the time for businesses to reassess their exposure. This week, we break down how to map your supply chain to prepare for potential cost impacts:
· Run an ACE report to identify the country of origin for your imports
· Use pivot tables to model tariff scenarios and assess risk
· Engage suppliers to understand their sourcing and push back on unnecessary price increases
· Validate COO for your top 80% of parts
Trade policies are shifting fast; don’t get caught unprepared. Read our latest blog for a step-by-step approach to protecting your bottom line.
Why Validating COO Matters Now
With tariffs shifting and new duties looming, declaring the incorrect country of origin (COO) could mean unnecessary costs, compliance risks, and supply chain disruptions. Many companies assume their goods qualify for lower tariffs or free trade agreements when they don’t, while others overpay due to incorrect COO data. Taking the time to validate origin, both for your own imports and those brought in by suppliers, ensures you’re paying the right duties, avoiding penalties, and making informed sourcing decisions before tariffs change again.
Kendrick simplifies the process of validating origin of US, MX, and CA parts. [Contact Us Here]
Have You Considered Joining Kendrick’s Beta Test for Our New FTA Tools?
Kendrick Trade is expanding beyond USMCA to include qualification tools for most US Free Trade Agreements (FTAs). We are currently in beta for Korea, Bahrain, Australia, and Morocco. We’re inviting businesses to participate in our beta testing program, offering early access to these new tools, exclusive savings, and the opportunity to help shape the tool to meet your needs. Don’t miss out on this exciting opportunity to stay ahead of the curve with FTA compliance!
Kendrick Trade specializes in FTA qualifications, helping businesses navigate the complexities of trade compliance under free trade agreements. By ensuring your operations meet the necessary criteria, Kendrick Trade can help you unlock the full potential of these agreements. Visit Kendrick Trade to learn more about our services and how we can support your business in making the most of FTA benefits.
Feel free to share this newsletter with your fellow trade professionals, and let’s keep the Kendrick Trade community buzzing!
Disclaimer: Kendrick Trade does not provide legal advice or opinions oncompliance with laws or regulations. Always consult official sources fortrade-related decisions.