McCormick & Co. has increased its projected tariff impact for 2025 from $90 million to about $140 million due to existing and new tariffs, with the latter comprising a significant portion of the financial burden. To mitigate these costs in 2026, the company plans to enhance productivity, explore alternative sourcing, and adjust pricing strategies. McCormick has faced challenges in reducing tariffs, as some materials are unavailable domestically, but it aims to offset these through price increases and sourcing from lower-tariff regions while expanding distribution in various markets.

Source: https://www.supplychaindive.com/news/mccormick-tariff-impact-140m/803659/