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project44 releases free Tariff Simulator
Yahoo Financeยท 2025-09-15 19:52
Core Insights - project44 has expanded its service offerings with the launch of a new Tariff Simulator, shifting from a focus on visibility to a more comprehensive suite of shipment execution solutions under the Movement Platform [1] Group 1: Tariff Simulator Launch - The Tariff Simulator was launched in response to the expiration of numerous Section 301 exclusions, which increased tariff burdens on imports from China, particularly affecting sectors like electronics, industrial machinery, and solar equipment [2] - The simulator allows businesses to quickly calculate U.S. import duties and tariffs using HTS codes, providing real-time calculations essential for understanding cost exposures and strategizing procurement [2] Group 2: Market Need and Design - Ellie Crist, Senior Director of Project Management at project44, highlighted that existing market solutions were fragmented and not user-friendly for buyers and planners, necessitating a tool that provides quick and reliable duty estimates [3] - The Tariff Simulator was designed to cater broadly across the supply chain, enabling teams to make informed sourcing and transportation decisions without relying solely on compliance specialists [3] Group 3: Strategic Integration - The Tariff Simulator is part of project44's strategic transition towards integrating comprehensive decision-making tools into their Movement Platform, serving as an entry point to broader decisioning workflows [4] - The tool is envisioned as both a standalone function and part of an AI-powered decision-making experience that encompasses sourcing, procurement, and inventory decisions [4] Group 4: Applications and Benefits - The Tariff Simulator supports various applications, including strategic sourcing, budget planning, and scenario modeling, allowing companies to manage supplier comparisons and landed cost calculations effectively [6] - By facilitating crucial pre-booking and pre-shipment validations, project44 positions the simulator as an essential asset for optimizing supply chain operations [6]