In this article, Maine Pointe CEO Joseph Esteves urges companies to focus on reducing costs rather than raising prices to combat tariffs, as consumer sentiment has shifted post-COVID. He also advises businesses to take control of their supply chains, reclassify tariffs when possible, and understand their real material exposure to maintain profitability. Additionally, he stresses the importance of adapting working capital strategies, monitoring inventory velocity, and staying flexible to navigate the ongoing impacts of tariffs.
