Introduction

Tariffs are exerting a growing negative influence on the travel, tourism, and global supply chain sectors by driving up costs for both businesses and consumers. These added expenses often result in higher airfares, increased accommodation rates, and elevated overall travel budgets, making international tourism less attractive. For instance, airline operators facing higher import duties on fuel and aircraft components are forced to pass these costs onto passengers, which affects travel demand across borders.

The global tourism industry has demonstrated strong recovery momentum following the pandemic-era lockdowns, with demand for leisure and business travel rebounding across key markets. This upward trajectory is supported by increasing consumer confidence, greater digitalization in travel booking, and a renewed focus on experience-driven tourism.

Based on current growth patterns, global tourism spending is projected to surpass $2.9 trillion by 2035, marking a significant expansion from pre-pandemic levels. This long-term outlook is being bolstered by rising middle-class income in emerging markets, improved air connectivity, and supportive government policies aimed at rebuilding tourism ecosystems.

In the technology sector, companies like Apple have faced substantial financial impacts due to tariffs. Apple reported a $1.4 billion tariff hit, prompting the company to diversify its supply chain by shifting production from China to countries like India and Vietnam. This move aims to mitigate the effects of a 145% tariff on Chinese imports, which has significantly increased the cost of goods and affected pricing strategies.

Constellation Brands, the maker of Modelo and Corona, is concerned about Trump's tariffs affecting aluminum imports, impacting beer prices and consumer sentiment.

Boat builders manufacture various watercraft intended for personal, commercial and government use. These products are highly discretionary purchases, so boat builders rely on strong consumer confidence, disposable income and spending. Poor performance during the pandemic and amid high inflation have bracketed otherwise torrid expansion from boat builders. However, pent-up demand for travel and limited leisure options during the pandemic supported torrid growth in 2021, leading to a massive influx of first-time buyers. This trend has altered the industry's structure, pushing companies to provide added value to convert first-timers into repeat customers, ensuring stable demand for parts and repairs. Even so, boat builders have endured volatile profit through the current period as supply chain disruptions prevented producers from properly allocating resources, leading to more sunk costs. Overall, revenue has expanded at an expected CAGR of 6.0% to $17.2 billion through the current period, including a 0.7% jump in 2025, helping to offset a 6.5% decline the previous year. Profit has reached 5.2% in 2025. Supply chain disruptions and climbing import penetration have posed major threats to profitability. Metal, plastic, electronic components, lumber and oil prices ballooned, contributing to heightened purchase costs, longer lead times and bloated supply chains. While leading boat builders leveraged globalized supply chains and cemented reputations in key markets, many smaller companies were also unable to fully pass off the cost of more expensive inputs, creating volatility. Similarly, the trade-weighted index's appreciation has made imports less expensive in domestic markets, enabling boat and parts imports to satisfy a greater portion of domestic demand. Tariffs will also play a major role in trade markets, potentially making domestic products more attractive but cutting into supply chains by reducing supply chain globalization. Boat builders will benefit from the economy's recovery through the outlook period; stabilizing interest rates and generally improved consumer confidence will encourage individuals to travel more and take out loans to purchase boats, supporting consumer and commercial markets. However, the unknown economic impact of tariffs may decrease spending, counteracting growth due to lower interest rates. Long-term consumer preferences may also challenge revenue growth, as fewer Millennials have shown interest in boat ownership than previous generations; even so, rising wealth among this demographic may create new markets for boat builders. Overall, revenue will strengthen at an expected CAGR of 1.7% to $18.7 billion, where profit will settle at 5.2%.

Credit card processors and money transferring companies have witnessed substantial growth fueled by an expanding adoption of electronic payments. Recent trends show a remarkable increase in electronic transactions, with more businesses embracing a credit card-friendly approach. This has directly contributed to burgeoning revenue streams for providers. The heightened use of debit and credit cards, along with solid economic growth that has bolstered consumer spending and per capita disposable income, underpin this upward trajectory. Additionally, digitization trends, accelerated by the push toward e-commerce, have further cemented the integration of cards in everyday transactions, demonstrating the industry's resilience and adaptability to evolving market demands. Despite these positive trends, shifting economic conditions have significantly impacted revenue volatility for credit card processors and money transfer services. Initially, the pandemic reduced consumer spending, leading to a decreased demand for these services in 2020. Despite this, e-commerce sales surged, permitting some stability in revenue. As the US economy reopened, consumer spending increased, leading to substantial revenue growth in 2021. However, rampant inflation in 2022 dampened e-commerce performance, yet high wage growth kept revenue positive. This inflation also caused consumers to bolster their use of credit cards to cover rising expenses, raising profitability. More recently, recessionary fears, spurred by higher interest rates, further constrained consumer spending and corporate expenditures, slowing growth. Despite these challenges, strong e-commerce activities have kept the industry resilient. Overall, revenue for credit card processing and money transferring companies has swelled at a CAGR of 6.7% over the past five years, reaching $146.3 billion in 2025. This includes a 2.8% rise in revenue in that year. Providers are expected to face a slew of negative and positive trends moving forward. Cash usage in the US has dropped significantly because of digitization and the convenience of credit and debit cards. This trend is expected to accelerate over the next five years as economic growth and pandemic-driven online shopping further shift consumer preferences to electronic payments. As a result, providers will need to innovate, investing in biometrics and AI to enhance efficiency and security. Policy changes like new tariffs and extended tax cuts are also set to impact consumer spending and providers’ revenue. Despite these uncertainties, continued GDP growth and rising consumer confidence are forecast to sustain high demand for digital payment services, benefiting the industry's largest players. Overall, revenue for credit card processing and money transferring companies in the United States is forecast to expand at a CAGR of 2.6% over the next five years, reaching $166.3 billion in 2030.

The Plastic Bottle Manufacturing industry's revenue has continued to grow over the past few years as raw material and crude oil input prices rise. Widespread cost increases are typically passed on to consumers. Consumers have steered away from sugary soft drinks in single-use plastic bottles, limiting demand from this market segment. Consumer confidence fell sharply in 2025, while consumer spending remains robust as individuals and businesses are frontloading to get ahead of tariffs. These spending patterns support demand for the restaurants, grocery, and automobile segments that are essential customers of plastic bottles. Most manufacturers are also seeking to find alternate sourcing methods or to renegotiate contracts with suppliers due to tariffs. Because industry demand is relatively inelastic, manufacturers benefit from the nondiscretionary nature of many grocery products like milk. Steady demand for the industry's products drive revenue growth at a CAGR of 3.0% over the five years through 2025, to $17.2 billion, rising 0.7% from the previous year. Domestic plastic bottle manufacturers compete with offshore production operations. Foreign manufacturers can produce at a lower per-unit cost, making it more affordable for companies to buy plastic bottle products from foreign manufacturers than domestic ones. US manufacturers must innovate or decrease per-unit production costs to remain competitive. For smaller enterprises to thrive in this industry, it is important to achieve economies of scale and scope. While the industry is mature and maintains a low concentration, major players have consolidated in order to become more competitive and gain market share. Tariffs raise the cost of both raw materials and finished plastic bottles from foreign producers, encouraging companies to source more from domestic manufacturers. As a result, US producers may see increased demand, higher sales volumes and improved pricing power in markets where local sourcing is preferred for reliability, speed or sustainability. On the other hand, US manufacturers could see tighter profit as businesses scramble to resolve supply chain setbacks. Primary customers of plastic bottles may begin in-house production if costs are passed on to them for extended periods of time, especially in areas where transportation costs are rising. Growth in the US plastic bottle manufacturing industry is expected to remain modest but steady over the next five years. However, shifting consumer preferences will continue to place downward pressure on growth. For instance, demand is gradually moving away from sugary beverages toward healthier alternatives, which often come in different packaging formats. Environmental concerns and regulations are driving more consumers to opt for reusable containers over single-use plastic bottles, especially in urban and eco-conscious markets. As consumer spending and global increases in raw material prices impact the industry, revenue will rise at a CAGR of 2.0% over the five years through 2030, to $18.8 billion.