Reported 2 months ago
Newell Brands, maker of Sharpie pens, is relocating its production of kitchen appliances from China and has already moved some writing operations to Tennessee to mitigate risks from potential tariffs ahead of the U.S. elections. CEO Chris Peterson emphasized that these changes are not directly in response to any political party's agenda but are aimed at reducing uncertainty and reliance on Chinese manufacturing. The company is also automating its U.S. operations to balance higher domestic wages and is focusing on repatriating more manufacturing jobs to the U.S. while expanding production in other Asian countries.
Source: YAHOO