On April 3, 2025, the Section 232 tariffs on automobiles came into effect, imposing a 25% tariff on light-duty vehicles from all countries, including Canada and Mexico, while medium and heavy-duty vehicles remain exempt. The automotive parts sector will see these tariffs applied starting May 3, with a provision allowing for additional parts to be included within 90 days of the March 26 proclamation. Notably, if vehicles meet USMCA compliance, the tariff's impact may be mitigated by accounting fo...

A comprehensive plan that outlines how an organization will manage its supply chain operations to achieve its business objectives. It includes decisions related to sourcing, production, logistics, inventory management and distribution. The strategy aims to optimize efficiency, reduce costs and improve quality. Key elements include supplier selection, technology integration, risk management and sustainability practices.