December 30, 2024 14:49 GMT
US DATA: MNI Chicago Report™: Over 50% Plan Higher Inventories With Tariff Risk
US DATA
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In December, the Chicago Report™ asked firms “With potential tariff increases in the coming months, is your business taking any of the following precautions/considerations?" Of the respondents that answered:
- Over half (55%) said they are taking precautions by increasing inventories
- 41% are looking into on-shoring
- 36% are considering new suppliers
- A further 36% are looking to increase prices
- No respondents reported increasing employment levels
- 14% reported ‘Other’– noting cost reductions and some being minimally impacted due to diverse supplier bases
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