ABC News - Breaking News, Latest News and Videos · 16 Sep, 05:48 · Business briefing

US-Canada trade war further taxes small businesses as costs rise during the Iran war

Recent reports indicate that escalating tensions between the United States and Canada, compounded by the ongoing conflict in Iran, are significantly increasing operational costs for small businesses.

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The briefing

The story
in brief.

What happened, who it affects, and why it landed on our intelligence desk — in plain English, sixty seconds or less.

Recent reports indicate that escalating tensions between the United States and Canada, compounded by the ongoing conflict in Iran, are significantly increasing operational costs for small businesses. Trade barriers and geopolitical instability are driving up prices for essential goods and services. This dual pressure creates a challenging economic environment where supply chain disruptions and inflationary pressures threaten profitability. Professionals must recognise that these macroeconomic shifts directly affect business stability, requiring immediate attention to cost management and strategic adaptation to navigate the evolving trade landscape effectively.

Employer demand for Supply Chain skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)
20191x20201.3x20211.9x20222.6x20233.8x20245.5x20257.8x202610.6x
Your move

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for your career.

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You must adapt to a volatile economic landscape where trade barriers and geopolitical risks threaten business continuity. Professionals in supply chain and finance are now critical, as organisations urgently need to mitigate rising costs and navigate complex regulatory changes. You should focus on developing expertise in risk assessment and strategic sourcing to protect your employer’s bottom line. Consider upskilling in compliance and crisis management to help your organisation anticipate and respond to sudden market shifts. By positioning yourself as a problem-solver who can stabilise operations during uncertainty, you increase your professional value. Prioritise learning how to optimise workflows and reduce dependency on affected trade routes to remain indispensable in this challenging climate.

For this story, the fields that convert it into pay are Supply Chain, Risk Management Strategies, Crisis Management and Finance and Accounting — exactly the programmes matched below. The chart shows the indicative salary uplift certified professionals report in each of those fields; every one of them is a click away, from £79, finishing in as few as 20 days.

Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below
Supply Chain+23%Risk Management Strate…+33%Crisis Management+29%Finance and Accounting+32%

This briefing is based on reporting by ABC News - Breaking News, Latest News and Videos on 16 Sep, 05:48. Read the original coverage →

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