Economists have significantly revised their forecasts since US President Donald Trump took office, citing tariffs as the main reason. According to a survey, growth estimates for 2025 have been cut to 0.8%, down from 2% in January, while inflation and unemployment projections have risen. The probability of a recession in the next 12 months has increased to 45%.

Amazon has introduced a less-than-truckload service for inbound shipments to its US fulfillment centers, using its 60,000-trailer network. The service, accessible through a self-service portal, offers shipment quotes, status tracking and online payment options.

Bosch has extended its agreement with Arrow Electronics to distribute automotive components in the Europe, the Middle East and Africa region, adding MEMS sensors, ASICs and SiC chips. Bosch produces more than four million MEMS sensors a day, and its SiC chips are available as bare die and packaged discrete chips.

Most chief executives -- 62% -- are expecting a recession in the US over the next six months, up from 48% in March, according to a survey by Chief Executive. Three-fourths of CEOs say tariff policies will hurt their businesses this year, and the survey also shows a decline in views on current business conditions and profit expectations.

Small businesses, such as Nils Skiwear and Day Owl, are struggling with President Donald Trump's tariffs and are even considering halting production or closing. Due to the uncertainty of tariff policies, companies are reconsidering pricing strategies and operations while legal actions are explored to challenge the tariffs.

Frontloading of inventory into the US has led to strong import volumes, but a decline is anticipated, akin to the initial COVID-19 dropoff. This decrease would be tied to the utilization of frontloaded goods and a pause in new freight orders due to tariff cost uncertainties. The resulting impact is expected to strain trucking capacity and container storage.

B2B leaders face economic and geopolitical volatility, but they can transform challenges into opportunities by focusing on stable market segments, streamlining technology and operations, and leveraging customer insights, writes Matthew Selheimer of Forrester. Leaders also should embrace scenario planning and accelerate decision-making, Selheimer writes.

Consumer concerns over inflation, unemployment and the stock market have reached levels not seen since the coronavirus pandemic, according to a Federal Reserve Bank of New York survey. Respondents see inflation at 3.6% in a year and a 44% chance of higher unemployment, while stock market optimism has fallen, with only 33.8% expecting higher prices in a year. The unemployment expectations are the highest since April 2020, signaling significant labor market anxieties. 

Leaders should reassure employees that AI is here to help instead of completely replacing the workforce, experts say. Communications professionals "have to walk a tightrope with emotions all around, unhelpful hyperbolic statements by AI leaders and real fears about AI displacement among workers," says Chris Gee, CEO and founder of Chris Gee Consulting.

Prioritize your organization's greatest asset — your people. NAW's premier education programs, such as the online Management Academy and the in-depth Distribution Leadership Program at THE Ohio State University, are designed to equip your high-potential employees with the skills and insights they need to lead and succeed. Ensure your rising stars are prepared to drive your business forward by investing in their growth today. Learn more about how NAW can help you develop the leaders of tomorrow.

Interested in membership with NAW? Reach out and let us know how we can help you.