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Thu, February 20, 2025Thu, February 6, 2025Fri, January 31, 2025Sat, January 25, 2025Tue, January 21, 2025Wed, January 8, 2025Tue, January 7, 2025GM tariff playbook includes international inventory cuts, CFO says
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Published in Business and Finance on Thursday, February 20th 2025 at 18:20 GMT by cfodive
Published in Business and Finance on Thursday, February 20th 2025 at 18:20 GMT by cfodive
- The last thing you want is a bunch of finished inventory that just suddenly became 25% more expensive," General Motors finance chief Paul Jacobson said Wednesday.
General Motors (GM) is actively managing its inventory and supply chain in response to potential U.S. tariff increases, as outlined by GM CFO Paul Jacobson. In preparation for possible changes in trade policy, GM has reduced its international inventory by 20% to 30% over the past year, aiming to minimize the impact of tariffs on its operations. Jacobson highlighted that while the company has not yet seen significant disruptions from the current tariff situation, they are closely monitoring developments, particularly concerning the U.S.-China trade relations. He noted that GM's strategy includes not only inventory reduction but also a focus on localizing production where feasible, to mitigate risks associated with international trade tensions. This approach is part of a broader playbook to adapt to global economic shifts and ensure business continuity amidst potential trade policy changes.
Read the Full cfodive Article at:
[ https://www.cfodive.com/news/gm-tariff-playbook-international-inventory-cuts-cfo-says/740568/ ]
Read the Full cfodive Article at:
[ https://www.cfodive.com/news/gm-tariff-playbook-international-inventory-cuts-cfo-says/740568/ ]
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