How Tariffs and Trade Wars Can Impact Your Veterinary Practice
Tariffs and trade wars may seem like topics best left to economists and politicians, but their effects can hit much closer to home – right in your veterinary practice. In a recent article published by Veterinary Jobs Marketplace, author Stacey McClymont breaks down how international trade policies can directly affect your bottom line, especially in today’s globally interconnected veterinary supply chain.
👉 Read the full article here: “Tariffs & Trade Wars – What Your Practice Needs To Know” by Stacey McClymont, Veterinary Jobs Marketplace.
Here are the key takeaways:
1. Tariffs Drive Up Prices on Common Veterinary Supplies
Tariffs are essentially taxes on imported goods. When applied to products like medical equipment, pet food ingredients, or pharmaceuticals, these increased costs often trickle down to veterinary practices. In turn, your practice might face higher prices for essential items like surgical instruments, digital imaging equipment, or medications sourced internationally.
2. Practice Margins Are Vulnerable
When supply costs go up and pricing can’t easily be passed on to clients, your profit margins shrink. Veterinary practices – already operating with tight margins – may struggle to absorb these additional costs. The author urges practice owners to stay vigilant and proactively adjust budgets and supply chain strategies when tariffs start affecting their vendor pricing.
3. Longer Lead Times and Inventory Shortages
Trade wars can also disrupt the global supply chain, leading to delays or even shortages. McClymont recommends maintaining solid relationships with multiple suppliers and building some inventory buffer where possible. Being too reliant on one vendor or one product source can leave your practice exposed during a supply disruption.
4. Communication With Clients Matters
If your practice does need to increase prices due to rising supply costs, transparency is key. Clients are more likely to understand modest fee adjustments if you explain that increased costs are coming from recently announced global trade issues – not simply arbitrary markups.
5. Monitor Economic Trends and Plan Ahead
McClymont wisely suggests that practices work with their accountants and consultants to model different pricing and supply cost scenarios. Practices that plan ahead and adapt quickly to economic changes will be in a better position to stay profitable and continue delivering high-quality care.
Bottom Line: While you may not control global trade policy, your practice can control how it responds. Diversify your suppliers, stay informed, keep communication open with clients, and make smart pricing adjustments as needed.
For practice owners looking to strengthen operational resilience, VetRx Solutions can help identify efficiencies, boost margins, and build financial agility—so you’re ready for whatever comes next.
📞 Get in touch with us to learn how we can support your practice in times of change.
