Since 2020, supply chains have been dramatically reshaped by a mix of pandemic disruptions, changing trade policies, and global challenges. As we move into 2025, these transformations continue to affect industries and the accounting and finance sectors. Here’s a look at five key supply chain trends and how they impact accounting and finance consulting jobs.
1. Tariffs and Retaliation: Supply Chains Under Pressure
Tariffs, especially those imposed on China, have led companies to adopt strategies like “nearshoring” and “friend-shoring” to mitigate the impact of trade wars. However, this often involves using “connector countries” to bypass tariffs, increasing logistical complexity and distance between suppliers and buyers.
For finance professionals, this creates new challenges in pricing, tax planning, and financial risk management. Consultants must guide businesses in optimizing their supply chain financing and managing the financial impact of tariffs, including adjusting tax strategies and forecasting costs.
2. Agility Over Cost: Shifting Supply Chain Strategies
With supply chains increasingly prone to disruptions—whether from tariffs, labor shortages, weather events, or geopolitical conflicts—companies are curating supply chain strategies that prioritize flexibility over cost efficiency. This shift often involves diversifying transportation routes and incorporating multiple logistics options (e.g., maritime, air, and truck).
For accountants and finance consultants, this requires adjusting financial models to accommodate the higher costs associated with diversified logistics. Consultants will play a key role in assessing the trade-offs between agility and cost efficiency, while accountants must track fluctuating logistics costs and adjust projections accordingly.
3. Weather Disasters and Strain on Capacity
The frequency and severity of weather-related disruptions have skyrocketed. In 2024, the U.S. experienced 27 weather events causing over $1 billion in damage, further exacerbating supply chain vulnerabilities. These disasters often hit at the worst times, when companies are already stockpiling in anticipation of tariff hikes.
This trend poses significant challenges for accounting teams. They will need to factor in higher insurance premiums, volatile pricing, and increased operational costs into financial models. Consultants will be essential in advising businesses on diversifying their supply chains to minimize risk exposure and managing the financial impact of weather disruptions.
4. USMCA Review: Trade Agreements and Financial Risks
The ongoing review of the US-Mexico-Canada Agreement (USMCA) poses risks for industries like automotive, batteries, and semiconductors. Negotiations under the new administration will lead to higher tariffs and increased operational costs for businesses in North America.
For finance professionals, this means staying ahead of changes and helping companies adjust their financial strategies. Consultants will need to guide clients on tax planning, cost restructuring, and investment opportunities, while accountants must ensure that financial models account for possible changes in trade policy.
5. Rising Bond Yields and Financing Challenges
Rising bond yields have tightened credit conditions, making it harder for suppliers to access capital at favorable rates. This, combined with the need to provide bonds for tariffs, has put additional financial strain on businesses, particularly in sectors vulnerable to tariff fluctuations like manufacturing and logistics.
Finance consultants will be crucial in helping businesses navigate these higher financing costs, exploring alternative financing options, and restructuring cash flow models to maintain liquidity. Accountants will need to assess the impact of tighter credit on supply chain operations and adjust financial strategies accordingly.
Conclusion: Adapting Accounting and Finance Strategies to a Shifting Landscape
As global supply chains continue to evolve, accounting and finance professionals will play a vital role in helping businesses navigate the financial implications of these changes. From managing the impact of tariffs to adjusting for weather disruptions and rising bond yields, finance consultants will be key in developing flexible, resilient financial strategies. The future of supply chains may be uncertain, but with proactive financial foresight, businesses can better withstand disruptions and optimize their operations.
