Data-Driven Insights Speed Impact Analysis of Potential Trade, Tax
and Tariff Policy Changes
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--
Jabil Inc. (NYSE:JBL), one of the most technologically advanced
manufacturing solution providers in the world, today introduced the T3
Policy Readiness Assessment service to help companies better understand
and respond to potential changes in global trade, tax and tariff
policies. Fueled by Jabil's Intelligent Digital Supply Chain (IDSC), the
service integrates optimization algorithms and simulations with
meaningful, data-driven insights for improving manufacturing agility
while lowering cost and risk.
"The ability to quickly analyze, assess and execute optimal
manufacturing operations locally or globally is crucial to staying
competitive and relevant in the digital economy," said Don Hnatyshin,
SVP, chief supply chain & procurement officer at Jabil. "Our new T3
Policy Readiness Assessment service is meeting an urgent need for rapid
feedback based on real-world data so customers can make well-informed
decisions during times of geo-political uncertainty."
According to the World Trade Organization, approximately 300 active
regional trade agreements are currently in place globally1.
Even minor modifications to these pacts can impact manufacturing and
supply chain decisions, including potential revisions to the North
American Free Trade Agreement (NAFTA), the possible implementation of
import tariffs on specific products and broader changes to bilateral
trade agreements between the U.S. and other nations. Jabil's enhanced
supply chain network optimization service proactively anticipates and
helps answer questions facing companies today, including:
How will changing tariffs impact our manufacturing footprint decisions?
How would a Border Adjustment Tax (BAT) affect profits?
Will tariff changes impact manufacturing in the U.S.?
Does manufacturing closer to the U.S. make more sense for our business?
Actionable, Fact-Based Assessments In As Little As Six Weeks
Each T3 Policy Readiness Assessment delivers benchmarking data on costs
and risks associated with manufacturing in different geographies,
leveraging Jabil's vast domain expertise, predictive analytics,
deterministic modeling and network optimization tools. Complementary
global tariff and tax policy, administration and modeling provide
broader perspective to identify policy change probabilities and their
Additionally, organizations receive manufacturing and distribution
footprint impact assessments based on fluctuations in trade agreement
policies. Each evaluation offers insights on domestic manufacturing
strategies, enabling U.S. companies to quickly determine the viability
of moving manufacturing closer to end-markets to better accommodate
American customer demand. Equally important, the assessment measures
supply chain risks, especially if moving a supply base from Asia to the
United States creates single-source suppliers.
In Gartner's 2017 "Supply Chain Brief: U.S. Businesses Consider
Supply Chain Ramifications of Policy Changes as New Administration Takes
Office," the firm stated that "companies in all industries should
begin to evaluate scenarios for possible changes to their global supply
networks so they are prepared to act if policies are defined. Consider
the trade-offs for design choices, such as sourcing partner or location
changes, trade and tariff changes and manufacturing labor costs, in
light of the overall strategy."2
Jabil's T3 Policy Readiness Assessment service is available immediately,
with findings and recommendations deliverable in as little as six weeks,
ensuring customers can transform supply chain and manufacturing
operations with exceptional speed and agility.
For more information on Jabil's managed services, including the T3
Policy Readiness Assessment, go to www.jabil.com/idsc
Jabil is a product solutions company providing comprehensive electronics
design, production and product management services to global electronics
and technology companies. Offering complete product supply chain
management from facilities in 28 countries, Jabil provides
comprehensive, individualized-focused solutions to customers in a broad
range of industries. Jabil common stock is traded on the New York
Stock Exchange under the symbol, "JBL." Further information is available
on Jabil's website: jabil.com.
1 "Facts and Figures," World Trade Organization, 2017
2 Gartner, "Supply Chain Brief: U.S. Businesses Consider
Supply Chain Ramifications of Policy Changes as new Administration Takes
Office," Kamala Raman, William McNeil, John Johnson, Miguel Cossio,
January 20, 2017, ID: G00324398
View source version on businesswire.com: http://www.businesswire.com/news/home/20170628005372/en/
HetzelMeade Communications, Inc.
Sue Hetzel, 760-473-4729
Source: Jabil Inc.
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