Nothing is constant in this world. And America just recently witnessed one of the most surprising events took place in the country’s political arena. President Trump won the American presidency and snatched Hillary Clinton’s dream of becoming the first U.S. lady president. It made the news all over the globe and people were wondering what his leadership would mean to the U.S. and to the world at large.
Now that he has finally assumed office, both local and big businesses are curious as to what will happen next to their businesses as his plan for the next four years continues to unfold (and businessmen most likely cringe in anticipation).
It’s still early in the Trump presidency, but not too early for supply chain professionals to begin planning for what could be major challenges in global markets and trade agreements, especially if President Donald Trump follows through on border tariffs, the dismantling of existing trade agreements, and other “America First” protectionism ideas he has shared as part of his Twitter-storm rhetoric.
One discussion topic among procurement and supply chain professionals is the resurrection of the age-old “near-shore/on-shore” debate, and whether (and when and where) supply chain professionals should either locate their own assets or build relationships with suppliers.
An early viewpoint from the January meeting of political and business movers and shakers in Davos is that thinking too globally might not be the wisest