Key stat: 72% of trade professionals worldwide are changing or considering changing their sourcing patterns to better manage potential tariffs, according to March 2025 data from Thomson Reuters.
Beyond the chart:
- 64% of business executives worldwide say their biggest concerns related to tariffs are the increased costs, according to an April 2025 survey from the International Chamber of Commerce (ICC).
- 30% of CFOs worldwide plan to pass 91% to 100% of tariff costs along to their customers, according to March 2025 data from Garner. However, nearly as many (29%) plan to pass on less than 10%.
Use this chart: This data underscores the need to build tariff scenarios into sourcing strategies now—not later. Consider running supplier reviews, assessing alternate sourcing geographies, and increasing agility in contract terms. Pro tip: Pair this with real-time analytics to forecast and model tariff impacts before policy changes hit.
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