At a recent event hosted by Supply Chain Dive and its affiliates, panelists discussed the significant challenges posed by an uncertain trade policy environment, which affects productivity and employment in the supply chain sector. Chief economist Victoria Bloom noted that manufacturing, contributing about 10% to the U.S. GDP, is experiencing slowed growth and job losses, with a 28% year-over-year drop in job openings. Experts emphasized the need for companies to monitor tariff developments closely and develop contingency plans to navigate the rising costs and uncertainties effectively.

Source: https://www.supplychaindive.com/news/trade-policy-uncertainty-top-challenge-supply-chain/753928/