I recently had the pleasure to sit down with three dental industry leaders to discuss their views on tariffs and how they will impact our industry from the viewpoints of a dentist, dental dealer, and dental manufacturer.
Joining me were Dave Steck, who spent more than 32 years with Henry Schein before launching Next Level Dental Consulting, Dr. Barrett Straub, the CEO of ACT Dental and Smile Source, and Joe Talanges, the president and chief operating officer of GC America.
In our talk, sponsored by GC America, we explore how tariffs are affecting pricing, profit margins, and the overall business strategies of dental practices. The conversation highlights the challenges facing distributors and manufacturers, the importance of maintaining quality care, and the need for dental professionals to adapt to a changing economic landscape. These leaders also shared insights on navigating these challenges and the future outlook for the industry regarding tariffs.
Podcast takeaways
- Tariffs are a significant concern for private practitioners.
- Quality of care must not be compromised due to rising costs.
- Pricing instability affects trust between distributors and customers.
- Dentists need to understand their profit margins better.
- The dental industry must adapt to new economic pressures.
- Collaboration and communication are key in navigating tariffs.
- Efficiency and productivity are essential for maintaining profitability.
- Future strategies must focus on innovation and cost management.
- The dental supply chain is heavily impacted by global sourcing.
- The industry must prepare for ongoing changes in tariffs and pricing.
