6 Tariff Mitigation Strategies for CPOs

Tariff mitigation is the strategic process of reducing or offsetting the financial and operational impact of import tariffs on a company’s supply chain and bottom line. Many strategies can be implemented, including timing purchases, sourcing from alternative regions, or leveraging trade programs. The checklist breaks down strategies for companies of different sizes.

Tariffs directly impact the cost, availability, and timing of essential materials — especially in global supply chains. With economic uncertainty and shifting trade policies, CPOs need to use tariff mitigation strategies to protect margins while ensuring business continuity.

The checklist offers concrete actions companies can take to mitigate ongoing tariff volatility.

Procurement leaders and their teams can stay prepared by building agility into their operations — starting with real-time visibility into spend, flexible sourcing strategies, and rapid scenario modeling. To stay ahead, procurement leaders need to invest in technology with advanced sourcing modeling, contract intelligence, and supplier collaboration capabilities.