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.
Supply Chain Management Platform Tracks Millions of Moving Components So Manufacturers Can Accurately Classify Products, Calculate Tariffs and Maintain Records
While political tensions with China have made headlines for years, the drone industry is feeling the impact in real time. After all, the last couple months have been a wild ride when it comes to tariffs. And even American drone companies, like AgEagle, are bracing.
The company 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.
Cofactr, a source-to-pay and logistics platform for hardware manufacturers, announced its work with U.S. manufacturers to comply with tariff regulations and manage evolving trade policies in real time.
Corporate-backed startups exits were at their highest level for over two years in Q1 2025, with large acquisitions spiking the total value.
Phillip Gulley, Co-Founder and Chief Strategy Officer of Cofactr, looks at four ways for US manufacturers to create resilience in the face of tariffs without shutting themselves off from global trade networks.
The weeks-long will they, won’t they on tariffs was finally answered last week when the Trump administration imposed 10% baseline tariffs on all goods imported to the US.
At APEX 2025, I had the opportunity to speak with four industry leaders about AI implementation in electronics manufacturing. While there’s significant enthusiasm around AI, these conversations revealed a refreshing focus on practical applications over hype.
Supply chain disruption, tariff uncertainty, and the quest for manufacturing stability take center stage in this enlightening conversation with Philip Gulley, Chief Strategy Office and Co-Founder of Cofactr.
While the industry endured similar uncertainty during Trump's initial go-around with tariffs in 2018, his latest protectionist provisions are truly concerning for companies, as they threaten healthcare's supply chain stability.
Phillip Gulley from Cofactr discusses the complexities of supply chain management, focusing on the impact of tariffs. The Cofactr platform automates temporary import bond management, allowing companies to delay tariff payments and improve cash flow. The duty drawback process is explained to help avoid multiple tariff payments. Emphasizing visibility in tiered supply chains, Cofactr aids companies in managing risk and enhancing operational efficiency.
President Donald Trump’s first term was a boon for the space industry. His first administration reestablished the National Space Council, created closer ties between the commercial sector and civil decision makers, attempted to streamline launch and reentry licensing requirements, and stood up the Space Force. So, it’s no wonder investors were bullish on a second term.
February 2025 saw a series of strategic acquisitions in the global logistics industry, highlighting key trends such as consolidation in freight forwarding, expansion in software-driven logistics solutions, and increased investments in specialised transport services. These acquisitions reflect the industry’s ongoing transformation as companies seek to strengthen market positioning, service offerings and geographical presence.
Coalition of 15 groups says lifting the tariffs is essential to maintaining a ‘robust, resilient, and reliable supply chain.’
Initial global supply chain disruptions appear unavoidable.
$ Cofactr, a supply chain and logistics management platform for critical hardware manufacturers, closed its $17.2 million Series A funding round. The raise was led by Bain Capital, and joined by existing seed investors Y Combinator, Floating Point Ventures, Broom and DNX. The new investment brings Cofactr’s total funding to $28.8 million.
Tariffs and sanctions mean aerospace companies have to be transparent. The threat of the U.S. tariffs on aircraft and aerospace products and the inevitable retaliation by nations targeted by the Trump administration have highlighted how exposed the industry is to extremely complex and rapidly changing import and export requirements.
Cofactr was co-founded by Phillip Gulley and Matthew Haber, originally as a small PCB assembly house. Recognizing a greater need, they transformed Cofactr into a supply chain execution platform that automates and optimizes manufacturing processes. The company integrates early design data with supply chain information to identify potential issues, provide risk abatement, and streamline procurement.
Although the uncertainty of pending tariffs is becoming all too familiar, medical device manufacturers and suppliers aren’t just sitting back and resting on their laurels when it comes down to strategic planning.