Last week, the US President announced the imposition of new tariffs. The image of US president Trump holding a board announcing these tariffs has become iconic. Almost no country and industry are unaffected by this move. Despite the uncertainty, business leaders must act decisively. The quicker and more effectively they respond, the more likely they are to secure a competitive advantage. EyeOn and Caroz are combining their expertise to ensure a swift response and effective realization. Here’s how we do it:
Optimize – network fast scan for insights
The primary short-term action is to reroute your supplies, optimizing the use of available assets and capacity in light of the newly imposed trade tariffs. As goods are rerouted, having up-to-date information on availability and transport rates is crucial to optimize your planning. Caroz, a leading 4PL and control tower provider, offers valuable insights into the transportation market, including the availability of lanes and transportation tariffs, assisting businesses in making informed decisions. This data from Caroz, along with trade tariff details, known supply capacities, and production costs, are integrated into the state-of-the-art supply chain network models of EyeOn. This integration facilitates the optimization of flows and enhances performance scenario analysis.
In a network fast scan, we can offer you results to make informed decisions in days or weeks, rather than weeks or months.
Analyze – adjust to latest
Developments are moving quickly, and the status quo is constantly evolving. Trade tariffs are under negotiation, while affected countries are considering retaliatory measures. This dynamic environment necessitates the ability to regularly review and revise decisions. As part of the EyeOn Planning Services we offer to maintain the network model in a live state, readily available for use. When needed, we update it with the latest volume information, transportation rates, and trade tariffs, and we assess the robustness of your strategic choices.
Rerouting of flows focuses on optimizing what can be achieved within the existing infrastructure. However, in the longer run, infrastructure should not be considered a fixed asset. Factories can be relocated to geographies that are attractive not only from a trade tariff standpoint but also in terms of labor, transportation costs, and environmental aspects. This is an enhancement we offer; EyeOn and Caroz together handle the heavy lifting, allowing you, as a supply chain or business leader, to focus on making strategic decisions.
Operationalize – implement to change
To realize the benefits, one must, of course, implement them. This might sound trivial, but in these uncertain times, it places additional pressure on both the transportation and planning teams. Caroz and EyeOn can assist by integrating Caroz’s control towers for logistical execution with EyeOn’s planning services team.
Caroz’s control tower can manage procurement, carrier performance, and order management, and even handle financial transactions. The outsourced planning team at EyeOn can take charge of demand and inventory planning.
This arrangement can relieve your planning teams, ensure better performance, and allow supply chain and business leaders to focus on decision-making. With all the ongoing dynamics, there is a lot to manage, and it isn’t likely to be resolved soon.
Want to effectively respond to trade tariffs?
Contact us today, and within a week we will have:
- Established a Non-Disclosure Agreement (NDA)
- Organized a kick-off call to understand your specific needs
- Shared the data templates for data collection
- Agreed on a project timeline
From there, we will focus on realization by ensuring the accuracy and timeliness of data, configuring the model for optimization, visualizing the results, and guiding you through the process and make it worry-free.
