Reported 4 months ago
Sonos CEO Patrick Spence discusses how geopolitical moves, such as President Biden's tariffs on products from abroad, affect manufacturing, with Yahoo Finance's Brian Sozzi. By globalizing their production, Sonos has reduced the impact of tariffs on their business. Spence mentions that while tariffs have effects on innovation and profitability, companies like Sonos have shifted production away from China to minimize these impacts and are constantly monitoring situations to understand how geopolitical factors may influence their business.
Source: YAHOO