Introduction:
🚨 The pharmaceutical industry is facing significant upheaval due to recent trade policies. Trump’s tariffs are impacting supply chains, increasing costs, and creating regulatory hurdles.
Featured in Tech Target:
RegASK was recently featured in Tech Target’s latest article on how Trump’s pharma tariffs are disrupting drug supply chains. Read the full article here.
Summary of the Issue:
A sweeping change in the U.S. trade policy has led to a 10% blanket tariff on all imported goods, with pharmaceutical ingredients and equipment feeling the immediate effects. While finished drugs remain temporarily exempt, upstream components face new duties, pushing companies to reassess their supply chains.
Quote from CEO:
Our CEO, Caroline Shleifer, highlighted: “Companies must ensure that every material is accurately classified under the Harmonized Tariff Schedule. Any misclassification, whether intentional or not, could result in severe penalties.”
Key Challenges & Impacts:
- Increased costs for active pharmaceutical ingredients (APIs), excipients, packaging, and equipment.
- Need for meticulous import classification and compliance audits to avoid delays and penalties.
- Heightened risks from counterfeit or substandard materials due to supply shifts.
- Financial pressure on generic manufacturers and contract manufacturing organizations (CMOs).
How RegASK Supports:
At RegASK, we leverage AI-driven solutions to help companies navigate these complexities, minimize risks, and maintain compliance.
How RegASK Helps:
✅ AI-driven regulatory monitoring: Track tariff updates, compliance shifts, and geopolitical risks.
✅ Proactive risk mitigation: Anticipate disruptions before they impact your supply chain.
✅ Scalable insights: From pharma to consumer goods, we simplify compliance across 100+ markets.
Global & Regulatory Outlook:
Even without direct tariffs on finished drugs, international regulations in markets like India and China are tightening, adding further complexity. Companies must adapt to evolving documentation, localization, and licensing requirements.
Tech-Enabled Compliance:
Legacy systems are no longer enough. AI-powered tools help automate classification updates, flag risks, model tariff scenarios, and provide real-time visibility into supply chains.
Call to Action:
Don’t let regulatory and geopolitical changes disrupt your operations. Book a demo to see how RegASK’s AI solutions can keep your supply chain resilient and compliant 👇
🔗 Book a Demo with RegASK
