Happy Wednesday! In this week's Big I Buzz: Agency mergers and acquisitions dipped 10% in 2024. Plus, North American companies prepare for the impact of new tariffs.

Agency M&A Down 10% in 2024

Agency mergers and acquisitions dropped 10% in 2024, marking a slowdown in industry deal activity. Economic conditions, higher interest rates, and valuation concerns have contributed to the decline. Despite the slowdown, independent agencies remain attractive to buyers, and strategic deals are still happening. Experts suggest that market shifts may lead to more selective acquisitions moving forward. Read more here.

North American Companies Brace for Fallout From Tariffs

The “wait and see” period on tariffs is over for North American companies as new U.S. tariffs on Canada, Mexico, and China create fresh challenges across industries. Executives are bracing for higher costs, potential supply chain disruptions, and shifting production strategies to mitigate the impact. While large corporations may have flexibility, smaller businesses reliant on foreign parts could face significant hurdles. Experts warn tariffs could lead to higher consumer prices, with industries from autos to retail feeling the strain. Read more here.

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