Hardware Report: Materials costs rise for 62% due to tariffs
Fictiv’s 2019 State of Hardware Report finds tariffs add cost and complexity for product teams already struggling to get to market.
Fictiv released their fourth annual State of Hardware Report, exposing the added burden of tariffs on an industry already struggling to quickly and affordably bring products to market. The detailed data-driven insights from this year’s survey found that companies across America, from large enterprises to small startups, have encountered exaggerated supply chain and resource constraints when trying to get to market as a result of tension between the U.S. and its trade partners. To compensate, product development teams said they are leveraging multiple tariff engineering tactics to circumvent manufacturing obstacles and sculpt more agile supply chains.