Part 3/10:
Jeff Lutz, a former Chief VP of Supply Chain and Quality for a leading company, has shared invaluable insights into the broader implications of these tariff decisions. With experience managing supply chains across 150 countries, Lutz understands the complexities and interdependencies that characterize global trade.
One immediate concern he raised is the significant impact tariffs could have on supply chains. Approximately 28% of customers—from logistics providers like Flexport—have paused ocean freight bookings from Asia, indicating an unsettling uncertainty in the market. Such hesitancy translates to potential factory shutdowns as companies wait for clarity on tariff implications.