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At the same time, organizations have never been more exposed to risk from their supplychains, from supply continuity, quality, or ESG violations. Most supplyrisks, whether from disruptions or ethical violations, lurk not among immediate suppliers, but in the sub-tier. Take carbon reductions for example.
This is a key reason for the shift towards a core platform for spend/supplier management – collaboration needs to be embedded in Source-to-Pay processes and it does not stop and end with any one process. Disruptions, ethical and compliance risks are more likely to occur deep in your supplychain.
Aimed primarily at imports from key trading partners, these tariffs are set to significantly affect a wide array of goods, directly highlighting the impact of US tariffs on UK supplychains. For procurement professionals, this development presents new challenges in cost management, supplier relationships, and regulatory compliance.
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