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Cofactr prepares U.S. manufacturers to navigate new tariffs with automated documentation and compliance management

Press releases may be edited for formatting or style | April 24, 2025 Business Affairs
NEW YORK, NY, UNITED STATES, April 24, 2025 /EINPresswire.com/ -- Cofactr, a source-to-pay and logistics platform for critical hardware manufacturers, today announced its work with U.S. manufacturers to comply with tariff regulations and manage evolving trade policies in real-time. Cofactr helps manufacturers mitigate the impact of newly imposed tariffs on U.S. imports by increasing the end-to-end visibility of their supply chains and automating critical documentation processes within its platform. As a result, manufacturers can accurately classify products and calculate tariffs on each of their individual imports and seamlessly prepare records for regulatory procedures like duty drawbacks, temporary import bonding, and de minimis exemptions.

Even U.S. manufacturers who assemble products onshore source at least some of their parts internationally–putting them and every other U.S. manufacturer in a period of transition as they navigate the new tariffs and changes to their supply chain operations. As part of this, manufacturers must track millions of components as they move along the supply chain, and properly classify each product by country-of-origin and Harmonized Tariff Schedule (HTS) codes–or codes used to identify products for duty rates–to calculate tariffs. Companies must also hold a documentation trail for each of their products as they cross international borders so they can properly prepare records for duty drawbacks, temporary import bonding, and de minimis exemptions.

For many manufacturers, these processes are still completed manually; based on packing slips, commercial invoices, spreadsheets, and physical files. This leaves little room to scale to the requirements of the new tariffs and results in increased errors. With Cofactr, U.S. manufacturers can now automate compliance management and ensure the accuracy of tariff assessments to avoid production delays, goods held in customs, and unexpected costs.
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Manufacturers can use Cofactr’s platform to manage the impact of tariffs and prepare for changing trade policies and processes in real-time:

- Track every part–across every moment of the supply chain: Cofactr uses AI, operating with the security and ITAR compliance that high-compliance industries demand, to read, extract, and fill in missing documentation and communication details for every individual component that a manufacturer manages. This creates a complete, searchable history of each product’s movements across the supply chain—from factory to shipping to assembly.

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