{"id":1607,"date":"2023-04-12T14:43:00","date_gmt":"2023-04-12T19:43:00","guid":{"rendered":"https:\/\/www.mgocpa.com\/?post_type=perspective&#038;p=1607"},"modified":"2025-07-08T06:13:47","modified_gmt":"2025-07-08T11:13:47","slug":"navigating-turbulent-times-for-global-supply-chain-management","status":"publish","type":"perspective","link":"https:\/\/www.mgocpa.com\/perspective\/navigating-turbulent-times-for-global-supply-chain-management\/","title":{"rendered":"Managing Global Supply Chain Risk in Uncertain Times"},"content":{"rendered":"\n<p><strong>Executive Summary:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Many international companies are struggling with their supply chain management amid external factors playing out on the global stage. &nbsp;<\/li>\n\n\n\n<li>To mitigate the challenges, you should be aware of the current trends in supply management as well as strategies to improve your resilience and flexibility. &nbsp;<\/li>\n\n\n\n<li>Current trends include AI and automation, supply chain as a service, circular supply chains, risk management and stability, and sustainability. &nbsp;<\/li>\n\n\n\n<li>Diversifying your supply chain and creating a backup plan can help you remain agile. &nbsp;<\/li>\n\n\n\n<li>Know the tax implications of your supply chain.<\/li>\n<\/ul>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>The last two years have seen major disruption in supply chain management \u2014 and throughout 2023, that turbulence is expected to continue. The freight supply and demand equation was a common issue during the pandemic and recovery period. We\u2019re now seeing how the Russian-Ukraine conflict is reshaping the global supply chain for many companies. And amid all the economic uncertainty, supply shortages, and rising costs, the U.S. and EU (European Union) have been heavily investing in infrastructure, putting even more pressure on China with the U.S.-imposed tariffs\u2019 strenuous implications.&nbsp;&nbsp;<\/p>\n\n\n\n<p>While managing your supply chain is currently a challenge, you\u2019re not completely at the mercy of these external factors which are generally outside of your control. There are strategies to mitigate the impact to your supply chain: your goals should be to both improve your supply chain resilience and flexibility to allow you to better manage the disruptions \u2014 those foreseen and unforeseen.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Our <a href=\"\/solution-and-industry\/international-tax\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Tax team<\/a> breaks down some of the current trends and strategies to be aware of.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Trends in Supply Chain Management<\/h2>\n\n\n\n<p>Some of the main trends in supply chain management include artificial intelligence and automation, supply chain as a service, circular supply chains, risk management and stability, and an increased focus on sustainability. Now, more than ever, mid-market multinational companies must be strategic. These additional constraints cause strain on these companies that are being forced to pivot to address these issues among additional disruption.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Odds are, you\u2019ve been rethinking the way you currently manage your supply chain \u2014 because the global situations aren\u2019t changing. The China tariffs are unlikely to disband soon, and there seems to be no end in sight to the Russia-Ukraine conflict.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Diversifying Your Supply Chain<\/h2>\n\n\n\n<p>Many agree that the global supply chain was too dependent on China, and now<strong> <\/strong>companies are considering breaking away from the Asia Pacific region to look at the <a href=\"https:\/\/manufacturinginmexico.org\/maquiladora-in-mexico\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mexican maquiladora<\/a> or IMMEX programs. Both these programs are, for all intents and purposes, synonymous, save for one detail: the IMMEX added shelter companies as a modality. Under this shelter program, companies may set up operations in Mexico without establishing a legal Mexican entity.&nbsp;&nbsp;<\/p>\n\n\n\n<p>These programs have been in existence since the 1960s, so they\u2019ve proven their worth \u2014 however, they don\u2019t work for everyone, so it\u2019s worth perusing other options. It\u2019s important to remember that sourcing from vendors in only one location, regardless of where that location is geographically, is accompanied by elevated risk.&nbsp;&nbsp;<\/p>\n\n\n\n<p>To mitigate this, you should not only diversify your supply chain but also create redundancies to avoid a single point of failure. In addition, bringing your sources of supply closer to where you operate also reduces the opportunity for risk. Engage with new suppliers and manufacturers in the Americas, for instance, and analyze your current suppliers to see if there is any one region you rely on more heavily already, then minimize the distance between your production and purchasing \u2014 without, of course, sacrificing quality, cost, control, and reputation. By optimizing your global footprint, you can maximize your production opportunities, minimize risk, and scout new vendors and locations for future efficiency.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><picture><source srcset=\"https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-1024x871.webp 1024w,https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-281x239.webp 281w,https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-768x653.webp 768w,https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1.webp 1204w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" type=\"image\/webp\"><img src=\"https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-1024x871.png\" height=\"871\" width=\"1024\" srcset=\"https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-1024x871.png 1024w, https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-281x239.png 281w, https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1-768x653.png 768w, https:\/\/www.mgocpa.com\/wp-content\/uploads\/2024\/12\/Turbulent-Times_Article-infographic-1204x1024-1.png 1204w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" class=\"wp-image-1609 sp-no-webp\" alt=\"\" loading=\"lazy\" decoding=\"async\"  > <\/picture><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Devising a Backup Plan for Supply Chain Disruptions to Address Multiple Contingencies\u00a0\u00a0<\/h2>\n\n\n\n<p>At the end of the day, we know that no matter how sophisticated or agile your supply chain backup plan is, external factors \u2014 which are never static \u2014 can affect things in unexpected ways. With rapidly and ceaselessly changing global conditions, there\u2019s no way to account for everything you could encounter.&nbsp;&nbsp;<\/p>\n\n\n\n<p>But there are ways to prepare. Plan for multiple contingencies, weighing their outcomes. Don\u2019t forget to think broadly and for new opportunities \u2014 for example, if you\u2019re looking at expanding into new markets or territories or want to add a new product line, you must assess their plausibleness under a variety of conditions (and not just logistical conditions, like lead times and delivery \u2026 but also tax liabilities and compliance, too).&nbsp;<\/p>\n\n\n\n<p>Keep your supply chain planning agile and ready to evolve by reviewing its current model and updating it to ensure it reflects the restraints and vulnerabilities you\u2019re presently dealing with. By making a step-by-step plan \u2014 for multiple scenarios \u2014 you can chart your path forward, regardless of what unfolds on the global stage in these uncertain times.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How MGO Can Help<\/h2>\n\n\n\n<p>Knowing the tax implications of your supply chain is crucial to your global success, and our experienced <a href=\"\/solution-and-industry\/international-tax\/\">International Tax <\/a>team can help you navigate the supply chain turmoil \u2014 no matter how turbulent. By reviewing your current supply chain model to determine where your processes can be strengthened and made more efficient, as well as pinpointing your vulnerabilities, we can help you hone your supply chain\u2019s true potential while safeguarding it against whatever comes next.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary: &#8212; The last two years have seen major disruption in supply chain management \u2014 and throughout 2023, that turbulence is expected to continue. The freight supply and demand equation was a common issue during the pandemic and recovery period. We\u2019re now seeing how the Russian-Ukraine conflict is reshaping the global supply chain for [&hellip;]<\/p>\n","protected":false},"featured_media":1608,"template":"","meta":{"_acf_changed":true,"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"perspective_topic":[17,18,220,237,71],"perspective-type":[42],"class_list":["post-1607","perspective","type-perspective","status-publish","has-post-thumbnail","hentry","perspective_topic-international-business","perspective_topic-international-tax","perspective_topic-management-advisory","perspective_topic-supply-chain-management","perspective_topic-transfer-pricing","perspective-type-articles"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Managing Global Supply Chain Risk in Uncertain Times - MGO CPA | Tax, Audit, and Consulting Services<\/title>\n<meta name=\"description\" content=\"Explore strategies to strengthen global supply chains, manage disruption, and enhance resilience amid geopolitical and economic challenges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mgocpa.com\/perspective\/navigating-turbulent-times-for-global-supply-chain-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Managing Global Supply Chain Risk in Uncertain Times - 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