The Craig Groeschel Leadership Podcast offers personal, practical coaching lessons that take the mystery out of leadership. In each episode of the Craig Groeschel Leadership Podcast, Craig brings you empowering insights and easy-to-understand takeaways you can use to lead yourself and lead your team. You’ll learn effective ways to grow as a leader, optimize your time, develop your team, and structure your organization.
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Global Trade War: Tariff Considerations for Board of Directors
MP3•Episode home
Manage episode 477725547 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Key Takeaways:
- Have a clear understanding of entire supply chain – from where merchandise originates to where it is assembled or manufactured
- Gather and analyze transactional data to understand the financial impact of tariffs
- Review the customs triangle levers: tariff classification, country of origin, and value reported to customs
- Manage the tension between transfer pricing and customs valuation, as these both work in opposite directions
- Consider the long-term strategy of relocating manufacturing taking in factors such as: cost savings, labor rates, and potential free trade agreements
- Consider ethical sourcing and sustainability issues, such as compliance with forced labor prevention laws and environmental impact regulations
- Companies without in-house expertise to address complexity of global customs and trade issues may need to seek outside advisors with specialized knowledge to ensure informed strategic decision-making from both a legal and tax perspective
Resources:
84 episodes
MP3•Episode home
Manage episode 477725547 series 2910096
Content provided by Olivia Duffey and BDO USA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Olivia Duffey and BDO USA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Key Takeaways:
- Have a clear understanding of entire supply chain – from where merchandise originates to where it is assembled or manufactured
- Gather and analyze transactional data to understand the financial impact of tariffs
- Review the customs triangle levers: tariff classification, country of origin, and value reported to customs
- Manage the tension between transfer pricing and customs valuation, as these both work in opposite directions
- Consider the long-term strategy of relocating manufacturing taking in factors such as: cost savings, labor rates, and potential free trade agreements
- Consider ethical sourcing and sustainability issues, such as compliance with forced labor prevention laws and environmental impact regulations
- Companies without in-house expertise to address complexity of global customs and trade issues may need to seek outside advisors with specialized knowledge to ensure informed strategic decision-making from both a legal and tax perspective
Resources:
84 episodes
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