The Trump administration’s tariff-heavy trade strategy has significantly impacted supply chains, particularly for Yedi Houseware, a small-to-medium business based in Los Angeles. Facing import tariffs from China exceeding 145%, Yedi has opted not to diversify its supply base. Instead, it is adopting strategies such as frontloading inventory and selectively importing fewer products to mitigate costs. Yedi plans to raise prices by about 10% while absorbing some costs, acknowledging the challenges posed by tariffs, which threaten the survival of many small businesses in the current economic climate.
Source: https://www.supplychaindive.com/news/yedi-houseware-tariff-diversifying-procurement-network/753387/