Business executives are increasingly planning to modify their supply chains, citing the risk of disruption and cost concerns ahead of wide-ranging tariffs expected from the incoming Trump administration.

Seventy-one percent of US CEOs are either planning to alter their supply chains in the next three to five years or are already in the process of doing so, up from 54 percent in 2024, according to a new survey from The Conference Board, a business think tank and trade group.

Among European CEOs, 77 percent are planning to make adjustments to their supply chains, up from 61 percent last year.

Many economists have been cautioning that the Trump tariff proposals, which have included a 10 to 20-percent general tariff and a 100-percent tariff on Chinese imports in particular, could lead to a rise in prices, which were a top concern for voters in the 2024 election following the post-pandemic........

© The Hill