US President Donald Trump’s proposed $1.4 trillion tariff plan has sent shockwaves through the global supply chain, forcing companies to reassess their strategies and seek alternative arrangements.
Several major players are taking steps to mitigate potential disruptions. Novo Nordisk A/S, the manufacturer of Ozempic, is planning to increase production of its medicines for the US market locally. This move aims to minimize reliance on international shipments and reduce the impact of any tariffs.
Boeing Co., meanwhile, may face significant challenges in maintaining its supply chain due to a potential gummed-up system. Higher aircraft costs could be difficult to pass on to consumers, which may limit the company’s ability to absorb increased expenses.
In response to Trump’s tariff threat, Chinese online retailer Shein Group Ltd. is offering incentives to top apparel providers to establish new production capacity in Vietnam. This strategy seeks to maintain a steady supply of goods and reduce dependence on US imports.
As companies navigate these complex issues, it remains to be seen how effectively they can mitigate the effects of Trump’s tariff plan and ensure continued global trade operations.
Source: https://www.bloomberg.com/news/articles/2025-03-13/novo-nordisk-boeing-shein-among-firms-seeking-cover-from-trump-tariffs