Reported about 11 hours ago
In a recent interview, Abbott Labs CEO Robert Ford addressed the rising costs of tariffs and the company's significant investment in US manufacturing, including $500 million for new plants in Illinois and Texas. He emphasized the importance of aligning production with demand, while also noting that their approach to manufacturing helps mitigate the impact of foreign exchange. Ford indicated that despite the challenges posed by tariffs, the focus remains on long-term investments in manufacturing and supply chains to support growth in the domestic market.
Source: YAHOO