Tag: tariff management

AI & Machine Learning in the Pricing World | Pricing Matters

AI & Machine Learning in the Pricing World | Pricing Matters

In today’s fast-paced world, rapidly evolving data and software driven strategies are imperative to creating sustained commercial pricing success. Good processes and experienced personnel alone are no longer enough. It is nearly impossible to rely on spreadsheets, custom software tools, and empirical observation to properly manage the complexity of becoming a “data-driven” pricing organization. That’s […]

The Pricer’s Four-Step Guide to Tariff Response | Pricing Matters

The Pricer’s Four-Step Guide to Tariff Response | Pricing Matters

With the latest round of tariffs going into effect last Thursday, many companies are turning to their finance and pricing teams to provide a strategic response that maintains profitability without disrupting demand. To help navigate the complexities of tariffs, Vistaar has put together a four-step guide that allows finance and pricing teams to be nimble, […]

Coca-cola and Chevy to raise prices amid tariff war | New York Post

Coca-cola and Chevy to raise prices amid tariff war | New York Post

Get ready to dig a little deeper for a Coke or Chevy Silverado. Both Coca-Cola and GM said Wednesday they will have to raise prices on their iconic products in large part because of President Trump’s trade war. The rising price of European aluminum and steel is expected to pinch their bottom lines — and […]

Tariffs: Fighter Pilot Strategies Businesses Can’t Afford to Ignore | Pricing Matters

Tariffs: Fighter Pilot Strategies Businesses Can’t Afford to Ignore | Pricing Matters

Modern pricing software easily simulates the margin or revenue impact of any potential price changes so that pricing managers and leadership can decide based on expected impact as opposed to hoping for the results. Manipulating multiple spreadsheets to calculate potential price impact outcomes is not only frustrating but increases the risk of inaccuracy for every […]

Sales Organizations Benefit the Most from Pricing Software, Just Ask a Soccer Fan | Pricing Matters

Sales Organizations Benefit the Most from Pricing Software, Just Ask a Soccer Fan | Pricing Matters

The traditional core objective of pricing technology was centered on the identification of the margin leakage. The pricing team operated the software and provided sales with insights to mitigate the margin erosion. Put another way, the software served as a business intelligence support system with considerable human intervention. From the sales person’s vantage point, the […]

Trump’s tariffs on Canadian lumber are pricing Americans out of the U.S. housing market | Globalnews.ca

Trump’s tariffs on Canadian lumber are pricing Americans out of the U.S. housing market | Globalnews.ca

The statement goes on to suggest that the 20 per cent tariffs on imported Canadian lumber, which were implemented last November, have also added as much as USD $3,000 to the average price of a multi-family unit. Randy Noel, chairman of the NAHB, writes that the association told Commerce Secretary Wilbur Ross in a meeting […]

Hellwig Suspension Products warns of increased pricing due to metal market speculation and threat of tariffs | The Sun-Gazette Newspaper

Hellwig Suspension Products warns of increased pricing due to metal market speculation and threat of tariffs | The Sun-Gazette Newspaper

VISALIA – Tariffs have dominated the news cycle over the last two weeks, and discussion over consequences has started to hit a little closer to home. Hellwig Suspension Products in Visalia has been watching the upward trend of imported steel prices since March and has now decided to get out ahead of the news to […]

White House to Impose Metal Tariffs on E.U., Canada and Mexico | The New York Times

White House to Impose Metal Tariffs on E.U., Canada and Mexico | The New York Times

Along with fighting the tariffs at the World Trade Organization, European officials have been preparing levies on an estimated $3 billion of imported American products in late June. In a joint statement, ministers from France and Germany said the countries would coordinate their response. “Global trade is not a gunfight at the O.K. Corral,” Bruno […]

U.S. Steel Prices on Knife’s Edge as Tariff Deadline Nears | WSJ

U.S. Steel Prices on Knife’s Edge as Tariff Deadline Nears | WSJ

U.S. steel prices won’t stop breaking away from those in Asia and Europe, in a rally driven by confusion about what Washington’s import tariffs will look like. The rise in U.S. prices has come ahead of the June 1 deadline for many major exporting countries to negotiate deals that would at least partially exempt them […]

Great to see you at PPS in Chicago! | Pricing Matters

Great to see you at PPS in Chicago! | Pricing Matters

Many thanks to those who joined Vistaar at the PPS conference in Chicago. There were many interesting pricing topics discussed, with lots of opportunity to socialize. We took note of the topics that surfaced most frequently. Best practices for managing pricing from both a strategy and deal level perspective when government trade policies impact cost […]