Trade Crisis and Opportunities

from Simply Trade · host Global Training Center

We spoke with Ryan Bennett and Trang Pham from Fluke and Fortive to understand how recent tariff changes are affecting their companies. They explained that the pace of these changes is extremely fast, creating a sense of crisis for their businesses. Because tariffs can be announced and implemented with little warning, companies are left scrambling to respond, often without clear guidance on what will happen next. This uncertainty makes it difficult to plan for the future, invest in new projects, or make decisions about supply chains and pricing. Learn what their found opportunities are. Connect with the experts Ryan Bennett: https://www.linkedin.com/in/ryanmbennett/ Trang Pham: https://www.linkedin.com/in/trangdpham/ Main Points/Takeaways: 1. Rapid Pace of Change - The last four months have felt like years in the trade world - Unprecedented speed of tariff and trade policy changes - Constant need for real-time adaptation 2. Cross-Functional Communication - Daily leadership meetings are crucial - Breaking down silos between departments (sales, procurement, engineering, trade compliance) - Holistic approach to understanding trade impacts 3. Resilience and Opportunity - Don't just react, create durable long-term strategies - Use challenges as opportunities to improve business processes - Focus on sustainable supply chain improvements Key Insights/Quotes: "Don't let a crisis go to waste" - Ryan Bennett "The C-suite is probably the most interested in learning about trade nuances than ever before" - Trang Pham Critical Takeaway: Trade compliance is no longer just paperwork - it's a strategic business partner driving resilience and innovation during global economic uncertainties. Description Format Example 1 – Full Episode Videos In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC! 👀🌎 📩Importing https://globaltrainingcenter.com/importing-procedures/ 😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/ 🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/ 👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Contact Us/ Suggest Topics Contact: [email protected] Credits: Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

What this episode covers

This week, we sit down with Ryan Bennett and Trang from Fluke and Fortive discussed the impact of recent tariff changes on their businesses. They highlighted the rapid pace of changes, likening it to a crisis, and the need for proactive measures.

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Trade Crisis and Opportunities

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This episode is 32 minutes long.

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This episode was published on June 5, 2025.

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