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How supply professionals can prepare themselves for changes under the GOP and Trump tax plans.

By Pete Paisley

What Are the Proposed Changes to the U.S. Tax Policy?

Many businesses in the supply chain community are concerned about the new administration and their proposed changes to the U.S. corporate tax policy, particularly with the possibility of new taxes on imports. While the so-called border taxes are getting all the press, it is but one aspect of the overall tax plans being proposed by both the GOP and the Trump administration. Let’s explore the big picture in order to better assess what actions we can take as supply chain professionals in response to these changes.

An Overview of the Key Tax Plan Changes

There are currently two plans in play on Capitol Hill; one is the GOP Tax Plan published last summer, (http://abetterway.speaker.gov/_assets/pdf/ABetterWay-Tax-PolicyPaper.pdf) and the other is the Trump Tax Plan published during his campaign, (https://assets.donaldjtrump.com/trump-tax-reform.pdf). Both of these plans share some common characteristics that will significantly impact the business environment. Some of the biggest issues to consider for companies in the supply chain world are:

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Impact of the Trump Administration on Supply Chain Operations

By Stefanos N. Roulakis, Matthew J. Thomas and Patricia M. O’Neill

Editor’s note: To coincide with the inauguration, Supply Chain World is running a series of articles from industry experts about how they expect the policies of the Trump administration to impact the supply chain. Read Part 1,  Part 2,  Part 3 and Part 4.

The election of Donald J. Trump as President of the United States will likely impact policy that affects supply chain operations. The Republican Party’s sweeping electoral victory, maintaining control of both the House of Representatives and the U.S. Senate, means that President Trump will have the opportunity to work with a legislative branch to achieve his policy goals with little need to compromise with Democratic legislators. As the 115th Congress has begun and President Trump begins his administration, preparing supply chain operations for changes coming from the federal government are more important than ever.

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Is there a Need to Reinvigorate American Manufacturing?

By Michael J. Gravier

Editor’s note: To coincide with the inauguration, Supply Chain World is running a series of articles from industry experts about how they expect the policies of the Trump administration to impact the supply chain. Read Part 1,  Part 2,  Part 4 and Part 5.

President Trump lead his campaign on making bold statements, specifically when it came to both foreign and domestic policy. In the weeks between the election and the inauguration, we’ve seen him put a heavy emphasis on reinvigorating American manufacturing and seen companies such as Carrier and Ford change course and keep manufacturing in the United States. The question on many people’s minds, including supply chain managers, is how President Trump’s policies will impact supply chain operations, especially in light of his stated promise to reinvigorate American manufacturing.

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New Year, New President… New Supply Chain?

By Paul Romano

Editor’s note: To coincide with the inauguration, Supply Chain World is running a series of articles from industry experts about how they expect the policies of the Trump administration to impact the supply chain. Read Part 1,  Part 2,  Part 3 and Part 5.

With any change in leadership comes various levels of risk and uncertainty. That fact has never been more apparent than this past year; when businessman, billionaire and reality TV star Donald J. Trump defied the odds and went on to win the general election. As the president takes office, anxieties and hopes are running high for those both for and against a Trump presidency. Politics is unchartered territory for the new commander in chief and many are wondering how his policies may affect global trade relations and ultimately, international supply chain operations.

Instead of simply waiting to see whether or not the global manufacturing community embraces Trump, smart supply chain executives are looking beyond all of the hype and color commentary, and are instead focusing on determining how this transition will impact their unique supply chains. Here are six things to consider as the transfer of power continues for America’s highest-ranking position.

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Words of encouragement for nervous logistics pros in the Trump trade era

By Ron Atapattu

Editor’s note: To coincide with the inauguration, Supply Chain World is running a series of articles from industry experts about how they expect the policies of the Trump administration to impact the supply chain. Read Part 1,  Part 3,  Part 4 and Part 5.

As a rule, supply chain professionals are on constant hyper alert and nervous by nature, and few things make them more nervous than anticipating change. The onset of a new administration has many concerned that they will soon have to deal with, and adjust to, a new set of metrics on the horizon just as they’ve learned to deal with the status quo.

I understand how they feel.  I spent my career fighting uncertainties and made a business providing companies around the world third party logistics solutions. Supply chain professionals are generally the ones being most squeezed from top, while being expected to generate efficiencies for their organizations. The light of accountability tends to shine brightest on them, even as they’re expected to assume an outsized portion of their companies’ supply chain risks.

 

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