The glasses group is considering essilorluxottica to shift part of its production to the USA in response to changed tariffs. According to a report by the Reuters news agency, Chief Executive Officer (CEO) Francesco Milleri was careful at the annual general meeting on April 30th with regard to a decision that is too quick. However, he noted that shift could be made as soon as the discussions about the tariffs become clearer.
Milleri reacted with his comments that US President Donald Trump ordered a 90-day break for customs increases. These had originally been imposed on certain countries, which are now exchanging trade policy with the United States. “If the situation has stabilized, we will understand what type of production we can shift to the USA, because it is not just about timing and investments, but also about finding employees with the right skills,” said Milleri.
For this reason, the group, which has already operated some works in the United States, is maintained its production in Italy and France. However, supply chains in Thailand and Mexico were among the locations that were considered with regard to relocation. Milleri added: “We don’t want to act too early.”
Essilorluxottica is part of a number of companies that rethink their supply chains in view of the redesign of the US tariffs. The fast-fashion group Shein was also said to consider restructuring of his business in the United States in order to alleviate the effects of the abolition of the DEMINIMIS regulation. This could lead to the company being confronted with US import tariffs of up to 120 percent.
This article was used with digital tools translated.
Fashionunited uses artificial intelligence to accelerate the translation of articles and improve the end result. They help us make the international reporting of fashionunited a German -speaking readership quickly and comprehensively accessible. Articles that have been translated using AI-based tools are read and carefully edited by our editor: Correcting inside before they are published. If you have any questions or comments, please contact me by email to [email protected]