Agtools, a leading provider of innovative software solutions for the food industry, announced the launch of its new tariff calculator.
This powerful tool enables users to calculate tariffs across all commodities in real time and create scenarios that will impact supply, merchandising, and pricing.
The tariff calculator was developed in response to recent threats of increased tariffs on imports from Canada and Mexico which could lead to a 10-15 percent increase in prices for fresh produce and other agricultural products. With this solution, Agtools is helping shippers, foodservice and retail buyers stay ahead of the curve and make informed decisions about their supply chains and inventory management.
According to a recent study by the National Grocers Association, tariffs on imported foods can result in price increases ranging from 5-20 percent for certain products. With tariffs on the horizon, it’s more important than ever for these companies to have a clear understanding of their costs and options.
With 20 years of historical data at its disposal, Agtools’ tariff calculator can provide users with a range of scenarios, allowing them to better understand the potential impact of tariffs on their business.
This includes:
- Instant assessment of potential price increases due to tariffs, providing users with a clear picture of how changes in trade policies will affect their bottom line.
- Real-time market insights to inform supply chain and inventory management decisions, enabling users to make data-driven choices about which products to source from abroad and when.
- Ability to compare imported vs. local prices with just one click, allowing users to quickly identify areas where tariffs may be driving up costs.
- Data-driven decision-making for optimal pricing strategy, providing users with the tools they need to navigate a rapidly changing market and stay ahead of the competition
“Our tariff calculator is a game-changer” said Martha Montoya, CEO of Agtools. “With its ease of use and real-time market insights, our solution enables users to quickly assess how tariffs might impact weekly and seasonal pricing, allowing them to stay agile in the face of fluctuating market trends.”
Key features of the tariff calculator include:
- Instant assessment of potential price increases due to tariffs.
- Real-time market insights to inform supply chain and inventory management decisions.
- Ability to compare imported vs. local prices with just one click.
- Data-driven decision-making for optimal pricing strategy
For more information, visit AGTOOLS, Inc.