US companies are using AI to help offset increased tariff costs
Briefly

US companies are using AI to help offset increased tariff costs
"A central policy of President Donald Trump's second administration has been sweeping tariffs on imports from more than 90 countries, leading to uncertainty that has hung over global supply chains throughout 2025. The disruption has only recently subsided as the US has secured deals with major trading partners like the European Union, South Korea, and Japan, all striking deals that settled on a 15% tariff rate. Tariffs are still far higher in places like India and Brazil, both of which the Trump administration stamped with a 50% tariff rate this summer."
"For Solventum, a company that produces surgical and dental supplies, tariff increases emerged as the healthcare company was celebrating its first year as a stand-alone business, following a spinoff from the industrial conglomerate 3M. Magnus Lundgren, Solventum's senior vice president and chief procurement officer, said the company sought a digital tool that could streamline its competitive-bidding process."
President Donald Trump's second administration implemented sweeping tariffs on imports from more than 90 countries, creating prolonged uncertainty across global supply chains in 2025. The US later negotiated deals with the European Union, South Korea, and Japan that settled on a 15% tariff rate, while tariffs remain at 50% for countries such as India and Brazil. Companies are responding by adopting AI-assisted technologies to reduce manufacturing and logistics costs. Healthcare supplier Solventum sought digital procurement tools to streamline competitive bidding and secure lower vendor prices, and onboarded Arkestro's AI procurement platform as tariffs took effect.
Read at Business Insider
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