Fasteners Direct’s Post

Tariffs and Steel Prices: What Procurement Leaders Need to Know? "Who Really Pays When Steel Prices Rise? (Hint: It’s Not Just Big Business)" When tariffs drive up steel prices, the ripple effects touch everyone—from manufacturers to business owners, and eventually the consumer. For businesses, these changes can be the difference between maintaining profit margins and struggling to stay competitive. But with the right tools and strategies, you can manage these challenges effectively. If you're navigating the complexities of tariffs and their impact on your supply chain, don't miss out on the [Tariff Management Toolkit]. It's designed specifically to stay ahead of rising costs and protect their bottom line. 📊 Learn how to assess risks, adjust pricing strategies, and keep your business resilient. 👉 Check it out now. How are you planning to deal with how tariffs impacting your business? Share your experience below!

There's a post that's gone viral on some other platforms about how a factory in Pennsylvania has responded to the tariffs that are likely to go into effect next year. While I can't verify whether it's real or not, I can give you my own experiences. In 2018, there was a tariff that raised the prices of imported steel by 25% and aluminum by 10%. Leadership at the company I was working for at the time informed us that all of our suppliers were American, but that they had also raised their prices by nearly as much due to the decrease in pressure from foreign competitors. In 2020, the company I was working for was buying a lot of our electronic components from China, because that's the only country where they were made. COVID-related supply chain issues were at their worst, causing a lack of availability and unpredictable price increases, which had caused us some headaches. There was discussion within the company that they were preparing for the possibility that a tariff could also be placed on these components, further exascerbating the problem.

Brace for Impact! New tariffs could disrupt supply chains globally, sending importers into a frenzy. As freight rates surge, don’t let uncertainty slow you down. Square Logistic Solutions is ready with flexible, tailored freight solutions to keep your cargo on track. Contact us today to secure your supply chain. #SupplyChain #TradeWar #LogisticsSolutions #FreightForwarding #SquareLogisticSolutions #ShippingIndustry #Tariffs #GlobalTrade #ImportExport #BusinessSupport

🚨 Are you tariffied about rising prices due to potential tariffs? 🤯💸 Don’t let unpredictable costs derail your budget! With Fasteners Direct’s Stock and Lock program, you can stay locked into the same price for a whole year. 🗓️🔒 Stock up now and keep your projects running smoothly without worrying about cost spikes. Because peace of mind should never be optional. 💡✨ 👉 Message us to learn more or secure your pricing today! 📲 To know more subscribe to our newsletters! #TariffiedNoMore #StockAndLock #FastenersDirect #PriceProtection #BudgetSmart #ConstructionLife #ManufacturingMatters #CostSavings #SupplyChainSolutions #HardwareIndustry #StaySecure #NoSurprises #DIYCommunity #BuildingAmerica #BusinessPlanning #ProjectSuccess #FastenerFacts #FamilyOwnedBusiness #WebsterNY #MetalWorking #ScrewsAndBolts #Manufacturing

💡 Did you know that tariffs can quietly erode your profit margins? 👇 🏗 For manufacturers, tariffs aren’t just a line item—they can shrink profit margins by 2-5% on average. That might not seem like much, but over time, it can translate to tens of thousands of dollars lost per contract. 🌍 Here’s a real-world example: A Procurement Manager in Metal Components saved $7,000 on their next contract quote by using a tariff management tool. It only took them 15 minutes to implement, but the results were immediate and impactful. 🔍 What this shows us: Tariffs, if unmanaged, can become a silent profit killer. A small percentage can ripple through your supply chain, compounding losses with every purchase order. 🚀 What can you do? Proactively review tariff impacts on key suppliers. Invest in tools that streamline tariff tracking and analysis. Engage stakeholders early to forecast and budget for tariff-related costs. Procurement is no longer about just buying—it’s about managing complexity to protect profitability. What strategies have worked for you when facing tariff challenges? Share your insights below! 👇 #Procurement #TariffManagement #SupplyChainSuccess #CostSavings #ManufacturingInsights

Is your supply chain prepared for the potential disruptions in 2025? With tariffs and port strikes on the horizon, adjusting your inventory strategy could make all the difference. Learn how building safety stock and focusing on high-margin products can help you navigate uncertain times. Companies are increasing imports to prepare for potential tariffs and possible port strikes in 2025, which could tie up working capital. Shifting to a "Just-in-Case" inventory strategy (JIC) may help mitigate supply chain disruptions by building up safety stock levels. Prioritize producing high-margin, high-demand products and focus on serving customers who pay on time and are lower cost to serve. #tariffs #portdisruption #inventorymanagement

“Are you Ready for the 2025 Tariff Changes?” The upcoming tariff changes in 2025 could significantly impact your supply chain, with rising costs, compliance challenges, and potential disruptions. But with the right strategy, you can turn these challenges into opportunities. At 4D Supply Chain Consulting, we help businesses: ✅ Optimize duty costs through smarter sourcing ✅Ensure full compliance to avoid penalties ✅Build resilient supply chains ready for the future Don’t let tariffs disrupt your business. Let’s prepare together!   #Tariff2025 #SupplyChainSolutions #4DSupplyChainConsulting 

Have you purchased goods recently (or are planning to shortly) because of possible tariff and price increases in January? Do you have family or friends who are rushing to buy their clothing, electronics, cars, furniture, and building supplies as well? It kind of makes you wonder if we will see a surge in purchasing by people looking to beat the tariffs, followed by a "bottoming out" of the economy as many folks pull back on spending because they have stockpiled their purchases for the year. Think about how this will impact ocean and air freight costs as we first see maximum demand followed by a sharp drop in bookings. Remember when we all thought the COVID logistics nightmare was a "once in a lifetime" event? I'm starting to wonder what 2025 freight rates and space will look like. I'm starting to wonder if I should start tracking toilet paper prices and availability as an economic barometer...

Dry Van Shipping Update: September Imports Hit Record Highs! The latest from DAT reveals record-breaking import numbers for September, impacting freight rates and market dynamics. With rising demand and tighter capacity, staying informed is key. Discover the full story and keep your supply chain moving efficiently with KITS Brokerage! 👉 https://lnkd.in/guGJmR7E #KITSBrokerage #FreightNews #Logistics #DryVan #SupplyChain

Frontloading Inventory: Smart Move or Costly Gamble? Frontloading can help avoid high tariffs, but it’s risky if cash flow or storage is tight. Learn how to decide if it’s right for your business https://lnkd.in/dukf7Exx.