RISK & RESILIENCE
Global trade tensions are gripping the globe. Procurement leaders are now tasked with operating amidst unprecedented challenges in managing supply chains, costs and risks.
Edmund Zagorin, Founder and Chief Strategy Officer at Arkestro, shares insights on how AI and predictive procurement technologies can help organisations navigate this complex landscape while maintaining competitive advantage.
“Procurement leaders need to be thinking about resiliency: what’ s Plan B, C and D?”
EDMUND ZAGORIN, FOUNDER AND CHIEF STRATEGY OFFICER, ARKESTRO
Navigating new tariff challenges Amid geopolitical shifts and in light of sweeping new tariffs imposed by US President Donald Trump on so-called‘ Liberation Day’, procurement teams face significant challenges in maintaining supply chain stability and cost efficiency.
According to Edmund, these changes mean there is no longer any“ safe” shore when it comes to dodging steep import taxes and duties.”
The impact on manufacturers is expected to be substantial.
“ In the short term, manufacturers can expect a significant increase in costs,” he warns,“ especially for industries like electronics, automotive and pharmaceuticals, shortages in supplies and likely a forced reduction in labour in an effort to combat these price increases.”
Building resilient supply chains In response to these challenges, Edmund emphasises the need for procurement leaders to focus on resilience and agility.
72 May 2025