Agree. Consistency is key here. Keep the boot on them vs letting this program get traction. Again, we spent WAY too long doing nothing.
As far as mitigating the strait, I do have a personal anecdote here. I'm a finance exec at a global Fortune 100, and for our packaging, one of our sizable packaging vendors would transport some of the base film that goes into our packaging thru the strait. As an alternative, we funded air freighting it out of the region as a short-term solve, and now we've adjusted our global sourcing to 100% mitigate it. I realize this is not an option for all companies and all products/commodities, but you can be assured alternatives are being found. We will get to a better place.
As far as mitigating the strait, I do have a personal anecdote here. I'm a finance exec at a global Fortune 100, and for our packaging, one of our sizable packaging vendors would transport some of the base film that goes into our packaging thru the strait. As an alternative, we funded air freighting it out of the region as a short-term solve, and now we've adjusted our global sourcing to 100% mitigate it. I realize this is not an option for all companies and all products/commodities, but you can be assured alternatives are being found. We will get to a better place.