apexanalytix (apex) has expanded its Supplier Risk Management solution to include tariff risk monitoring.
Sudden changes in trade policies or tariff regulations can significantly impact sourcing costs, supplier relationships, and overall profitability. With so much uncertainty around global trade, businesses need to stay ahead of tariff impacts before they disrupt operations. Now armed with tariff risk intelligence, apexanalytix's Supplier Risk Management solution provides organizations with real-time visibility and control over their entire supplier ecosystem, helping procurement and supply chain leaders to navigate tariff changes.
With the addition of tariff risk intelligence, organizations can:
Track changes in tariffs, trade policies, and duties across various countries and product categories.
Estimate landed costs and profit margin changes due to tariff shifts.
Identify the suppliers, materials, or finished goods that are most vulnerable to tariff changes.
Identify single or sole source risks.
Identify supplier dependency risks.
Collect and manage tariff data.
Collaborate with suppliers to confirm and resolve potential tariff impacts.
Make data-driven decisions to mitigate risk and alleviate strain on their supply chain.
Document resilience plans.