The impact of tariffs on global trade and international business is a pressing concern for companies operating worldwide. In response, Temu must develop strategies to mitigate potential losses and ensure continued growth.
Tariffs pose significant challenges for businesses like Temu, which relies heavily on international trade. As a result, the company needs to develop effective responses to tariff threats in its teaching case study.
To address these concerns, Temu can consider various tactics such as diversifying product offerings, renegotiating contracts with suppliers, and exploring alternative markets.
However, implementing these strategies requires careful planning and analysis of market trends and consumer demand. The company must weigh the potential benefits against the costs and risks associated with each option.
As a result, Temu’s response to tariff threats will depend on its ability to adapt to changing market conditions and develop effective solutions to mitigate potential losses.
Source: https://www.ft.com/content/fe3aaa6a-c81a-44a2-bf01-6da57fef2eaf