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U.S. Tariffs & Global Trade Tensions: What It Means for Malaysian Procurement Teams

The recent announcement of sweeping U.S. import tariffs by President Donald Trump has sent ripples across global markets. While Malaysian businesses may hope for limited direct impact, procurement teams could still face indirect challenges through disrupted supply chains and rising costs. In this article, we unpack what these tariffs mean for Malaysian procurement teams, the risks to watch for, and key steps to stay agile in an increasingly volatile trade environment.

How to Build High Governance Procurement?

In the context of Procurement, this means establishing systems and procedures for your procurement processes to that are documented, transparent, controlled, and accountable. Having a high governance system in place ensures that goods and services that are sourced not only meet the organization’s goals, but are also compliant with legal, ethical, and commercial requirements.