The 3 steps smart CEOs are taking in a volatile tariff environment, according to the head of a major global leadership advisory firm
Leadership
Tariffs and economic uncertainty have CEOs worried, and many are taking their case directly to Washington, DC, but in the meantime, Constantine Alexandrakis, CEO of Russell Reynolds Associates, says they are focusing on strategy, balancing confidence with humility about the challenges they're facing and focusing on customers. "It's meant to counteract the negative impact of being too inwardly focused at a time where the world is shifting, and you don't want to miss any of your customers' move," Alexandrakis says.
Full Story: Yahoo/Forbes (05/2)
Data as the Foundation for Manufacturing
Innovation
Manufacturers often use third parties to interface with their customers, which can limit their opportunities to gather customer data and improve their service, writes Sean O'Neill, product and technology chief at Syncron. O'Neill notes that leveraging data and AI-driven insights helps companies break down silos, improve decision-making and adopt new models to stay competitive in a digital world.
Full story: Forbes (03/12)
Maintaining accurate country-of-origin certifications under federal awards amidst increasing tariffs
With supply chains potentially shifting, maintaining compliance with regulations requires enhanced diligence
Country-of-origins certifications are essential under various federal laws like the Buy America Act and the Trade Agreements Act, writes Jayna Marie Rust, a partner at Thompson Coburn. These certifications are critical for legal compliance, as inaccurate certifications can lead to criminal or civil charges. Companies must constantly review and update their supply chain documents to ensure compliance with country-of-origin requirements, especially amidst fluctuating tariffs, Rust writes.
Full story: Supply Chain Management Review (05/05)