VSG Announces Global Tariff Mitigation Solutions for Major Customers
TROY, Va., August 7, 2018 (Newswire.com) - Visiontech Solutions Group (VSG) officially announces and begins implementing Global Tariff Mitigation Solutions for many of their Fortune 500 customers. VSG creates customer-specific solutions that mitigate and possibly eliminate new tariffs recently announced by the Trump administration.
“Every company we talk to has very real concerns about the proposed tariffs and how it will potentially impact their business. The proposed China tariffs of 25 percent could be devastating and in some cases catastrophic for companies that don’t have the ability to pivot to viable alternate solutions. In these cases, they will have to decide to absorb the tariffs, pass the tariffs on to their customers or a hybrid of the two - all of which present serious challenges for most companies and must be taken under consideration,” says Rick Perrault, CEO.
VSG has global resources that allow them to support partial or complete end-to-end solutions by providing engineering, sourcing, manufacturing, certifications, logistics and supply chain services for their customers. VSG has been in business for over 20 years and, as a result, has a vast network of trusted global strategic partners in many countries. VSG uses these resources to create unique solutions that allow their customers the opportunity to pivot out of China into other LCC (Low Cost Countries) that are not impacted by the proposed tariffs. VSG manages their customers' existing designs from DFM (Design for Manufacturability) to PPAP (Prototype Approval Process), to FA (First Articles), to Full Production in as little as 60-90 days.
Most customers are finding themselves in an extremely difficult position. Having been embedded in the China market for so long, they now find themselves without the internal resources and external global trusted strategic relationships in other LCC to create an impactful solution. Even when they do have the internal resources to consider this direction, in many cases they no longer have specific manufacturing knowledge to create a solution, as those responsibilities were passed on to their China partner years, and in some cases decades, ago. This is the area where VSG thrives. They can immediately step in and manage every step of the process, providing their customer with an immediate quality solution that can solve their tariff concerns and help them navigate through the current geopolitical headwinds.
ABOUT VSG
VSG is a dynamic solutions provider that provides customers with a full range of standard and custom products as well as engineering services, manufacturing, integration and supply chain solutions. From prototype to new product introduction, supply chain solutions to life cycle management, VSG works closely with their customers to provide world-class custom solutions for their individual needs.
Source: Visiontech Solutions Group
