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Growth is “OK, but not great” – costs are the real story. Global GDP is expected to grow at roughly 2% in 2025 and 2026 – modest but resilient. Yet high tariffs, energy costs and policy uncertainty are expected to shave up to 1 percentage point off global manufacturing growth over 2026.
Discover key manufacturing strategies and insights from our cost experts in our latest whitepaper "Cost to Make, Cost to Move: Manufacturing in a Tariff-Driven, High-Energy World". Download, in full, today.

"Manufacturers cannot treat tariffs, energy and logistics as external noise. They are the new structure of the P&L. Leaders who map these forces into concrete decisions on where they produce, which suppliers they use, how they contract for energy and logistics, and how they price and hold inventory will be best placed to protect margins and capture growth in 2026."

