Softening The Blow Of The U.S. Trade War
Finance and procurement leaders are figuring out how to reduce the financial impact of U.S. tariffs on products they import.
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Finance and procurement leaders are figuring out how to reduce the financial impact of U.S. tariffs on products they import.
As a CFO, you may have focused on risk management and cost control; as a CEO, you’ll have to balance those priorities with the demand for innovation and growth.
“Understandably, there can be resistance to a new application because there is comfort in doing things the same way,” says Labor Finders CFO Leslie Cotton.
To secure young talent, many CFOs have had to adjust compensation and position accounting more thoughtfully to potential hires, says Nicholas Malone, CFO of E78 Partners.
“CFOs need to set the tone at the top for technology adaptation and integration, or lower-level staff will be less likely to take the initiative and master the new tools,” says the president and CEO of the IMA.
The expansive global tax compliance challenges outlined in Pillar Two, thought to affect only large multinationals, have CFOs at fast-growing midsized and smaller companies bracing for impact.
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