On Monday, May 5, 2025 FLB Attorneys Tim Charlesworth and Elyse Pillitteri joined a panel discussion “Navigating Global Storms” with legal peers Jennifer Goodwin of Victaulic and Kendra Eden of Olympus to address tariffs and how business leaders can work to shore up operations and ensure business continuity in an ever shifting political landscape. Moderated by YMI Insurance President Jimi Honochick, this was the second of four quarterly Executive Edge events to help give business executives an edge with legal insights.
Their panel discussion was recorded and reshared as part of YMI’s podcast “YMI Talking.” Watch the full episode:
Key takeaways for business, manufacturing and supply chain leaders included:
- Review your contracts and INCOTERMS, see if adjustments can be made via force majeure clauses, shorter-term contracts and more to help with anticipated cost increases
- Examine imported goods, specifically the value, classification of the goods, and country of origin, and consider utilizing a Foreign Trade Zone
- Forge strong relationships with vendors; at the end of the day, we’re all in this together and building business on trust and good faith can go a long way in navigating uncertainty
LehighValleyNews.com also attend the event and shared their reflections in this article “‘Not business as usual at all’: Talking tariffs with local leaders in Allentown.”
The next Executive Edge event will take place later this summer.
If you have questions about your tariffs and business contracts impacted by proposed changes to international trade laws, please connect with a member of our Corporate, Business & Banking team to discuss your unique challenges.
