Reported about 14 hours ago
In an interview with Yahoo Finance, Stanley Black & Decker CEO Don Allan discussed the company's cost-cutting measures and supply chain improvements, highlighting the impact of current mortgage rates on housing activity. He noted that tariffs could benefit certain industries and shared plans to further reduce reliance on Chinese manufacturing from 40% a decade ago to about 20-25% today, as the company pivots towards electrification.
Source: YAHOO