US tariffs could push Puma to shift production from China

26-Apr-2018 Intellasia | Reuters | 6:00 AM Print This Post

German sportswear maker Puma is working on contingency plans to move some production from China to other Asian markets if US tariffs are imposed on footwear, its chief executive said on Tuesday.

Puma currently makes about a third of its products in China and is looking into moving production of goods for the US market to countries like Vietnam and Indonesia, Puma CEO Bjorn Gulden told a conference call for journalists.

Gulden said moving production could take up to 12 months, adding that capacity freed up in Chinese factories could also be used to make products for the booming Chinese market. Other impacts of tariffs could be lower margins or higher prices, he added.

https://finance.yahoo.com/news/u-tariffs-could-push-puma-083733621.html

 


Category: China

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