How can you build flexibility into your contracts to account for changes in trade agreements?
If you are involved in import/export operations, you know how changes in trade agreements can affect your business. Tariffs, quotas, sanctions, and other trade barriers can increase your costs, reduce your profits, and disrupt your supply chain. How can you prepare for these uncertainties and protect your interests? One way is to build flexibility into your contracts with your suppliers and customers. Here are some tips on how to do that.