Tariff Trouble

We are back pricing people, and welcome to 2025! We’ve polished our crystal ball to take a look at what 2025 has in store.

It’s only the start of the year but already global trade is facing headwinds with proposed US tariffs making waves. A potential blanket 20% tariff on foreign goods is causing uncertainty across markets, and while the final details are yet to be hammered out, cost increases seem inevitable.

Shell Shock

Eggs continue to serve as America’s inflation barometer, and the forecast isn’t sunny side up. Patrick Penfield, supply chain expert at Syracuse University’s School of Management, predicts egg prices could boil up by 20% before year’s end.

Grounds for Concern

And it’s not just the caffeine in coffee keeping people awake at night, with bean costs hitting record highs in late 2024. The major roasters say they’ve absorbed cost increases until now but they’re likely to filter through to cups in 2025.

Automakers remain tight-lipped about potential tariff impacts, but analysts warn that with globally sourced components, even reshoring production won’t shield consumers from price increases.

Playtime’s Over

And finally, the toy industry is reporting dramatic changes on the horizon too. The Toy Association says that with 80% of US toys coming from China, prices could jump up to 56% under new tariff proposals.  

Once things for sure, pricing is not going to be child’s play in 2025.

Get in touch to find out how Flintfox and Enable can help you stay ahead of the game. That’s all for this week so until next time, Power to you Pricing People.