What A Trump Presidency Could Mean For Consumer Product Brands
Our vision at Synth is to “unleash businesses to achieve exceptional resilience in a fast-changing world.” With President Donald J. Trump’s return to the White House, we anticipate drastic trade and production policy shifts that could significantly impact the consumer product landscape. Trump’s emphasis on economic nationalism and reshoring production may introduce new opportunities as well as challenges for CPG companies operating in the U.S.
Here’s how we are proactively preparing to support you through these potential changes in our industry.
Potential Increases in Tariffs on Imported Goods
New tariffs could increase costs for companies relying on foreign suppliers, raising expenses and lead times. Synth’s Supplier Monitoring tool keeps you updated on supplier risks, and we’re introducing Supplier Diversification Recommendations to help you explore domestic alternatives where feasible.
How Synth Helps:
Reshoring and Focus on Domestic Production
A renewed emphasis on U.S.-based production could incentivize companies looking to shift operations domestically and in-house. This may increase competition for local suppliers and labor, but it also offers opportunities for those interested in moving production closer to home.?
While Cost Analysis for Production Management is on our roadmap, we support your current needs with efficient purchase planning, production management, inventory, and demand forecasting.
How Synth Helps:
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Tighter Trade Regulations on Imports
Tighter trade regulations may affect the availability and cost of certain foreign-sourced materials. Synth’s current capabilities include Track & Trace for food and beverage products to keep you compliant within regulated food and beverage channels. Enhanced Compliance Tracking is in development to provide further support for cross-border compliance.
How Synth Helps:
Market Opportunities for “Made in USA” Brands
American-made goods may experience growing demand as consumer interest shifts toward domestically sourced products. Synth’s Sales and Trend Analysis provides insights to help you identify demand trends and adjust your inventory accordingly.
How Synth Helps:
Efficiency for Multi-Brand Operators
Synth’s streamlined workflow brings greater control and flexibility for businesses managing multiple brands. Synth’s Nexus Multi-brand capability is designed primarily for CPG aggregators who manage and operate various CPG brands.
How Synth Helps:
Synth would help you navigate the evolving landscape with tools that bring efficiency, precision, and adaptability to your sales operations and supply chain. As we continue to enhance Synth’s platform, our goal is to simplify your work and ensure you stay resilient, no matter the changes ahead.
Have questions about how Synth can help your business stay resilient with potential changes? Feel free to reach out—we’re here to help: www.heysynth.com/waitlist