Farm to Fork: The Innovators with David Maloni
Welcome to Farm to Fork: The Innovators, the podcast where decades of industry expertise meet the future of the food supply chain. I'm David Maloni, your host, and with over 40 years in the food production, distribution, and operations sectors, I've seen the industry evolve. But now, it's time to push the boundaries of innovation further.
Every other week, join me as I sit down with pioneers from the past, the game-changers of today, and the visionaries shaping the future of our field. Together, we'll explore new ideas, technologies, and strategies that can revolutionize how we farm, produce, move, and serve food to the world.
I invite you, our listeners, to be a part of this journey. If you know someone or have a topic in mind that aligns with our mission, please reach out. Your input matters, and it could be the spark that ignites the next big breakthrough in the food supply chain.
For more insights and to connect with my consultancy, visit www.DatumFS.com. Thank you for tuning in. Together, let's drive innovation and transform the way we nourish our communities
Farm to Fork: The Innovators with David Maloni
Trump Tariffs with Tom Healey, CPG and Foodservice International Supply Chain Executive and Datum Advisor
Welcome back to Farm to Fork the Innovators! Today we dive deep into a hot-button topic impacting our food supply chain: tariffs. Joining me is Tom Healy, a seasoned international sourcing executive with extensive leadership experience at renowned brands like Dairy Queen, Heinz, and Jack Link’s. Tom brings a wealth of expertise, having managed sourcing strategies across 26 countries during pivotal trade disruptions.
In this conversation, Tom sheds light on how major U.S. brands adapted their sourcing strategies during the first wave of Trump tariffs, emphasizing the importance of local sourcing within countries to mitigate geopolitical risks. He clarifies common misconceptions surrounding current tariffs, particularly highlighting exemptions within the US-Mexico-Canada Agreement (USMCA). We explore practical best practices for international sourcing during trade wars, and Tom identifies commodities likely to face challenges. It's an enlightening discussion filled with actionable insights to help your business navigate uncertain tariff environments effectively.
Connect with me:
https://www.linkedin.com/in/davidmaloni/
https://datumfs.com/
Connect with Tom Healy:
https://www.linkedin.com/in/thomas-healey-0101a89/
Episode Timestamps:
- 00:00 | Preview
- 01:49 | Meet Tom Healy: Extensive Background from Farm to Table
- 02:57 | Overview of International Sourcing and its Complexities
- 05:44 | Tariff Challenges: Tom’s Experience at Dairy Queen During Trump’s First Tariffs
- 07:36 | Shifting Sourcing to Mainland China: Strategy and Results
- 10:07 | What's Different About the New Round of Trump Tariffs?
- 13:21 | Key USMCA Exemptions Explained (Produce, Cattle)
- 15:31 | Spotlight on Beef Imports: Why Lean Beef Trim Matters
- 20:22 | How Countries Work Around Tariffs: Examples from Asia and Latin America
- 22:04 | Other At-Risk Commodities: Dairy Imports Highlighted
- 23:35 | Impact of Retaliatory Tariffs on Major Export Commodities
- 26:06 | Tom’s Actionable Tips for Businesses Facing Tariff Uncertainty
- 28:24 | Consumer Impact: Guidance for Restaurants and Foodservice Brands
- 30:10 | Conclusion & Final Thoughts from Tom Healy
- 30:45 | Outro and Invitation to Engage with Farm to Fork the Innovators
I’d like to introduce you to Datum Advisors, a new offering from Datum FS. Our team is composed of seasoned Food Supply Chain Executives from every sector. We stand ready to offer valuable advisory services for your company.
Click here to find out more:
https://datumfs.com/datum-advisors