00:00 Speaker A
I have a question for Andrew. Uh, what do you see CEOs doing? What’s their strategy? Are they saying, we’ll just wait it out and eat it for three and a half years or are they going to stand up factories in the US? And then what, what happens if policy changes three and a half years from now? There’s a lot of confusion. How, how do you play that? And do the big get bigger as the smaller players just go out of business or how, how are you thinking about it? How are CEOs thinking about it from large companies to small companies?
00:48 Andrew
So, there’s still a lot of uncertainty until this plays out, right? So in terms of developing a resilient trade strategy, here’s what companies are doing. One, they’re finally getting access to all their trade data. If you don’t have your trade data to do modeling, you’re flying blind. So that’s one thing. Um, we’re seeing companies look at the people that are in charge of trading customs and elevating them to, to senior office, senior positions, VPs, directors, chief trade officers. You need someone in charge of the function because customs went from back office to boardroom in a matter of months, right? Um, and then lastly, just optimization of trade strategies. Companies are looking at every single strategy they can and really focusing on making sure they’re doing it compliantly. So that’s been the focus right now. Those three pillars, um, getting ready in case the, the reciprocals come back and, and the same way they did. They could be less, they could be more. We just don’t know yet.