Navigate Tariff & Trade Turbulence with Confidence

Steps to Take Immediately

Examine supplier contracts and explore diversification opportunities.

Consider lining up credit should the business impacts continue for longer periods of time.

Assess your cross-border dealings and evaluate opportunities to make adjustments to operating locations, product mix and pricing structures.

Boost cash reserves, forecast cash flows more frequently, employ digital payments and incorporate currency hedging strategies.

Review the following areas of your business to help mitigate the impact that tariffs and trade uncertainty can have on your bottom line.

Leverage your cross-border footprint creatively. Having a presence in both the U.S. and Canada creates opportunities to manage tariff exposure strategically. Examine alternate supply chains and serving markets with local operations.
Supplier diversification. Explore less tariff-impacted regions and consider supply chain financing for inventory and receivables. Assess nearshoring or onshoring opportunities for reducing operational risk.

Review cash segmentation. Look into increasing liquidity buffers to maintain higher cash reserves. Also think about centralizing cash (cash pooling) to optimize liquidity across jurisdictions.
Enhance cash forecasting. Stress test your forecasts to account for potential impacts on sales, supply chain costs and changing customer behaviour as trade developments and economic indicators shift. Maintaining a common platform to manage Canada & U.S. operation finances is highly recommended.
Manage currency risk. Adopt multicurrency accounts and other solutions to help manage foreign exchange exposure. Consider leveraging payments/receivables in their source currency to minimize conversion costs.

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