Tariffs test business resilience — PYMNTS.com

Photo by Casey Horner on Unsplash

A recent report by PYMNTS and HSBC shows that tariffs are exposing the limits of efficiency-based supply chains, widening a “resilience gap” among U.S. mid-market firms.

Key Takeaways

  • Tariffs amplify structural weaknesses: Mid-market firms heavily dependent on imports report severe supply delays and cost pressures.

  • Resilience emerges as strategy: Successful firms treat flexibility as a core capability—diversifying suppliers, improving data transparency, and aligning procurement and finance to respond faster.

  • The gap is self-reinforcing: Well-positioned companies invest in automation and analytics, compounding their advantage, while exposed firms freeze investment and risk falling further behind.