apexanalytix announced an expansion of its Supplier Risk Management solution to include tariff risk monitoring.
“In an increasingly volatile global trade environment, understanding tariff risk is essential for maintaining resilient and cost-effective supply chains. Without clear visibility into tariff exposure, companies risk reactive decision-making and disruptions,” says Will McNeill, VP of market intelligence of apexanalytix. “By integrating tariff risk into their broader supplier risk program, our clients proactively assess potential impacts, identify alternatives, and make informed decisions that protect margins while ensuring continuity.”
Key takeaways:
· Now armed with tariff risk intelligence, apexanalytix's supplier risk management solution provides organizations with real-time visibility and control over their entire supplier ecosystem, giving procurement and supply chain leaders the clarity and confidence they need to navigate tariff changes.
· With the addition of tariff risk intelligence, organizations can track changes in tariffs, trade policies, and duties across various countries and product categories; estimate landed costs and profit margin changes due to tariff shifts; identify the suppliers, materials, or finished goods that are most vulnerable to tariff changes; identify single or sole source risks; identify supplier dependency risks; collect and manage tariff data; collaborate with suppliers to confirm and resolve potential tariff impacts; make data-driven decisions to mitigate risk and alleviate strain on their supply chain; and document resilience plans.
