Tariffs Haven't Brought Manufacturing Jobs Back to the US, Says Altana
US tariffs have not succeeded in returning manufacturing jobs to the country as expected, according to analyses from Altana, a software company that manages global supply chains.
Evan Smith, CEO of Altana, a software company specializing in global supply chains, confirms that US tariffs have not brought manufacturing jobs back to the country as anticipated.
Altana's latest analyses, which provides software tools for managing complex international supply chains, indicate that tariff policies have not achieved one of their key objectives. These findings stem from the extensive trade and logistics data the company monitors.
"The tariffs were supposed to bring manufacturing jobs back to the United States," Smith stated in an interview. "Spoiler alert – you won't be surprised to hear him say 'no.'"
According to Smith, the world continues to rely on global supply chains, while pressure on economic chokepoints like the Strait of Hormuz is increasing. Altana aims to provide solutions for this complex situation, where trade policy is rapidly changing and international relations are unstable.
Altana also recently announced its acquisition of Cervo AI, which develops AI-based solutions. The company's goal is to improve global trade by making supply chains more reliable, secure, and fair.