As higher tariffs loom under President-elect Donald Trump, companies across various sectors are strategizing to adapt. Businesses like Traeger are expanding manufacturing in Vietnam, while Yeti aims to diversify its production locations beyond China. Fortune Brands Innovations is managing tariff risks by using a mix of primary and secondary sourcing, reducing its reliance on China. Conversely, Crown Crafts remains heavily dependent on Chinese manufacturers, citing cost advantages. e.l.f. Beauty has decreased its sourcing from China from 99% to 80%, driven by expanding international sales. Each company is exploring options to mitigate the potential impact of increased tariffs.

Source: https://www.supplychaindive.com/news/trump-china-tariffs-sourcing-changes/732966/