AI could help manufacturers offset tariff costs, depending on implementation: experts

AI could help manufacturers offset tariff costs, depending on implementation: experts

Manufacturing experts say there are specific ways integrating AI into the sector can help reduce costs and improve margins in the face of trade tensions, but note it won’t be a silver bullet. “When the U.S. charges a 25 per cent tariff, if you can drop the supply price by, let’s say 20 per cent … then we can neutralize the additional cost due to the tariff,” said Chi-Guhn Lee, a University of Toronto professor and director of the AI in Manufactu…

AI could help manufacturers offset tariff costs, depending on implementation: experts - Helicopters Magazine

Manufacturing experts say there are specific ways integrating AI into the sector can help reduce costs and improve margins in the face of trade tensions, but

AI Could Help Manufacturers Offset Tariff Costs: Analysts - Canadian Manufacturing

Manufacturing experts say there are specific ways integrating AI into the sector can help reduce costs and improve margins in the face of trade tensions, but note that it won’t be a silver bullet. “When the U.S. charges a 25 per cent tariff, if you can drop the supply price by, let’s say 20 per cent then we can neutralize the additional cost due to the tariff,” said Chi-Guhn Lee, a University of Toronto professor and director of the AI in Manufa…