Geopolitical shifts and new US tariffs are set to significantly alter global trade routes, with Boston Consulting Group predicting a 2.9% annual growth in goods trade over the next eight years. US tariffs could add $640 billion to import costs, particularly affecting auto parts, electrical machinery, consumer electronics and fashion products, as well as trade with China, Japan, Mexico and the EU.

President Donald Trump said tariffs in the region of 25% could be placed on automobiles, semiconductors and pharmaceuticals coming into the US. Such tariffs could "go very substantially higher over the course of the year," Trump added, although discussions are ongoing about the specifics of the proposed levies. The White House suggests a phase-in period to allow US companies to shift to domestic production. A final decision is expected in April after a trade policy review is completed.

Builder confidence declined in February, dropping five points to 42, the lowest in five months, according to the latest NAHB/Wells Fargo Housing Market Index. Concerns over tariffs, rising mortgage rates and escalating housing costs are driving this sentiment. However, the index shows regional variations, with the Northeast, Midwest and West experiencing declines and the South remaining stable.

The concept of the right source in supply chain management has evolved significantly since 2005, particularly after the COVID-19 pandemic, writes Norman Katz, the president of Katzscan Inc. Companies now prioritize a balance between cost and proximity, often using third-party logistics providers instead of maintaining their own warehouses. The decision to outsource or manage in-house depends on factors such as raw material availability, production costs and geopolitical stability, Katz notes.

DHL Supply Chain has acquired Inmar Supply Chain Solutions as it continues investing in global multishoring and reverse logistics to help clients navigate challenging economic conditions. DHL emphasizes a "China Plus X" approach to diversifying production and supplier locations amid trade disruptions.

LinkedIn's "2024 B2B Marketing Benchmark Report" explores the impact of generative AI on marketing, revealing that while AI is influencing the field, the changes are not as significant as expected. This infographic displays key highlights from the report, such as 2 in 3 B2B marketers are using generative AI and AI proficiency is among the top five in-demand skills, alongside innovative thinking and adaptability.

Thinking differently is a powerful tool for leaders who want to drive growth and innovation, writes Naphtali Hoff. Adopting a growth mindset, challenging assumptions, seeking out diverse views and embracing failure as a learning opportunity are key strategies to cultivate this mindset, Hoff writes.

Federal agencies, including the SEC, will be required to submit draft proposals to the White House for clearance under the terms of a newly signed executive order. The directive also requires the agencies to consult with the administration on priorities and strategic plans. This move could face legal challenges as it changes the traditional degree of separation these agencies have from the White House.

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