Many of you have likely been patting yourselves on the back recently for having gone into a line of work that doesn’t involve the sale or manufacturing of physical goods. That relief presumably becomes even more apparent following calls with clients who do traffic in these goods.
Manufacturers are busy shredding their earlier annual forecasts for revenue and profitability in the face of tariff disputes and trade uncertainty—this morning’s Wall Street Journal has MolsonCoors slashing its 2025 outlook and shoemaker Crocs, chipmaker Infineon and even Krispy Creme cutting or withdrawing their guidance.