trade LOW earnings report with 250c exp 03.21Lowe's has taken several steps to mitigate the impact of tariffs on its business. Here are some key strategies they've employed:
Diversifying Supply Chain: Lowe's has worked to diversify its supply chain by sourcing products from different countries, reducing reliance on any single country.
Working with Suppliers: The company has collaborated closely with its suppliers to manage costs and find alternative solutions.
Adjusting Pricing: Lowe's has considered adjusting product prices to offset the increased costs due to tariffs.
Internal Preparations: Lowe's has put processes and systems in place to manage tariffs and other challenges
