Survey Shows Retail Executives Fear Protectionism & Tariffs as U.S. Election Draws Near - Seite 2

When asked about ways to counter protectionism and tariff-related risks and costs, the study found:

• 36% of retailers plan to raise prices
• 27% of retailers plan to negotiate lower costs with suppliers
• 14% of retailers will cut out production costs
• 8% of retailers will move production to low tariff countries

The survey results point out that retail executives do see technology playing a major role in proactively combating tariffs and trade uncertainty.

• 24% say technology will provide better communication in the supply chain by connecting trading partners
• 23% say it will help better handle costs (assessing cost-to-serve scenarios, etc.)
• 23% say it will provide greater inventory agility and flexibility
• 17% say it will provide sourcing agility to avoid risks and costs (allow easy shifts in sourcing locations)
• 16% say it will improve risk assessment

Click here to download the full report.

About GT Nexus
GT Nexus, an Infor company, operates the world's largest cloud-based business network and execution platform for global trade and supply chain management. Over 25,000 businesses across industry verticals, including adidas Group, Columbia Sportswear, DHL, Electrolux, Levi Strauss & Co., Nestlé, and Sears share GT Nexus as their standard, multi-enterprise collaboration platform. This enables all network participants to operate against a core, real-time and always on set of information across multiple supply chain functions, allowing them to optimize the flow of goods, funds and trade information, from the point of order through final payment. For more information please visit us at www.gtnexus.com.

About Infor
Infor builds beautiful business applications with last mile functionality and scientific insights for select industries delivered as a cloud service. With 14,000 employees and customers in more than 200 countries and territories, Infor automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector. Infor software helps eliminate the need for costly customization through embedded deep industry domain expertise. Headquartered in New York City, Infor is also home to one of the largest creative agencies in Manhattan, Hook & Loop, focused on delivering a user experience that is fun and engaging. Infor deploys its cloud applications primarily on the Amazon Web Services cloud and open source platforms. To learn more about Infor, please visit www.infor.com.