(Courtenay Brown – Axios)
Smart speaker company Sonos is re-examining its Chinese supply chains as a result of the U.S.-China trade war, company CEO Patrick Spence told Axios.
The impact: Spence said it could take “up to one year” to shift manufacturing and its supply chain out of China to avoid feeling the effect from a potential escalation of tariffs. However, the impact the company has felt so far from the trade war is “financially immaterial.”
“We are actively evaluating ways to increase the flexibility of our manufacturing footprint and supply chain, including sourcing and producing products outside of China.”
Sonos has been warning about the potential impact of tariffs since it filed paperwork to go public last year. Click here to read more.
- CEOs Scramble to Avoid Trump’s Tariffs to Survive His Trade War (Bloomberg)
- Trade Wars and Global Supply Chains (Geneva Business News)
- Shifts in China’s Industrial Supply Chain and the US-China Trade War (Dezan Shira & Associates)
- Supply Chain Reaction: Trade War Refugees Race to Relocate to Vietnam, Thailand (Reuters)
- Dow Falls Nearly 400 Points, as Stock Market Spooked by Trade-War Fears (MarketWatch)