This fireside chat recap is from Thursday, the third day of FreightWaves’ Global Supply Chain Week.
FIRESIDE CHAT TOPIC: The impact of tariffs on the supply chain.
DETAILS: John Harms, vice president of commodities and logistics at Brown Brothers Harriman, says the combined effect of the Trump tariffs, COVID lockdowns and the Russia-Ukraine war have put a premium on the services of savvy third parties that can source products and services from anywhere in the world.
KEY QUOTES FROM HARMS:
“Increased supply chain disruptions will be a boon to the global commodity trading sector. They are the ones best positioned to provide reliable, flexible service to the end customers, because they are not supplying from just one single supplier in one country.”
“We are entering a new golden age for commodity traders.”
“I don’t think reshoring is the driving factor [for businesses]. It’s finding the new lowest cost of production.”
“It comes down to diversification. It gives you optionality. This is where the skills of logistics companies become increasingly important.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now