He said, "As we contemplate the developments of the last few months, we know we are in an era of uncertainty that we have never seen before. Multiple trends are colliding and leading us to reexamine the fundamentals of our businesses." Every business vertical is facing challenges of various kinds. He added that tariffs will be differentiated across products and countries and will likely keep changing. "Bilateral and regional rules of trade will dominate. Supply chains will continue to shift as tariffs become another form of arbitrage," Nilekani's message said, adding that Infosys has always believed in enthusiastically embracing change and Infosys will remain fully aligned on strategy, yet tactically agile.