Aera Technology, a leader in decision intelligence solutions, has introduced its latest innovation, the Tariff Mitigation Skill™, designed to help businesses manage the evolving landscape of global trade and tariffs.
The Tariff Mitigation Skill™ integrates with Aera’s Decision Cloud™ platform to provide real-time analysis and automation of decisions related to tariffs. By unifying supply chain data, the tool enables companies to forecast the impact of tariff changes, simulate risks, and adjust procurement and logistics strategies accordingly.
“Tariff fluctuations introduce increased complexity and new risks for global enterprises,” said Fred Laluyaux, co-founder, president, and CEO of Aera Technology. “With decision intelligence, we help businesses adapt to disruptive changes by enabling optimal responses and fostering strategic agility. Today’s announcement underscores our ongoing commitment to innovative AI solutions that empower teams to manage change in real time and build resilient operations.”
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Key features of the Tariff Mitigation Skill™ include:
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Impact Identification and Cost Analysis: Real-time detection of products and materials affected by tariff changes, quantifying their impact on margins and costs.
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Scenario Simulation and Strategy Modeling: Predictive simulations of potential tariff changes to evaluate sourcing, pricing, and production strategies.
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Autonomous Mitigation Actions: Automated responses such as supplier shifts, price adjustments, and production modifications to address tariff impacts.
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Financial Resilience and Margin Protection: Strategic recommendations and implementations to safeguard profitability amid fluctuating trade policies.
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Trade Compliance and Tariff Optimization: Continuous monitoring of over 20,000 Harmonized Tariff Schedule (HTS) codes to ensure compliance and identify optimization opportunities.
According to Gartner, 92% of supply chain executives cite increased costs as the primary risk associated with new U.S. government measures affecting the supply chain, with 45% indicating that passing costs to customers is their main strategy for mitigating new tariff expenses.
Aera Technology‘s Tariff Mitigation Skill™ aims to provide businesses with the tools to proactively manage these challenges, ensuring operational efficiency and compliance in a dynamic global trade environment.