Challenge: A fragrance and flavor company wanted to create a foreign trade zone (FTZ) in which it could perform both manufacturing and distribution functions. Due to its many product formulations — and ingredients coming from the U.S. and around the world — tracking inventory was complex. Some incoming ingredients also skipped manufacturing and were sold raw.
Challenge: A global food company was experiencing flat revenue and struggling to increase market share with demanding consumer expectations for ingredients and prices. Financial forecast credibility was debated, and plans were not consolidated. With a projected $100-million profit gap, timely accurate data was difficult to receive.
Cheeses from France, Italy and the Netherlands, wines, Scotch whisky and Greek canned peaches are just some of the European exports whose prices are set to rise in the U.S. after the Trump administration announced new tariffs on billions of dollars of EU products starting Oct. 18.