Logitech International's CEO, Hanneke Faber, confirmed that the company is 'well on track' with its plans to move production lines out of China. This strategic shift is a direct response to manage the ongoing impact of U.S. President Donald Trump's tariffs.
The company is making good progress in diversifying its manufacturing footprint to reduce its reliance on China for products destined for the U.S. market. This proactive measure aims to mitigate the financial effects of import duties on its computer peripherals.
This operational agility is crucial for Logitech, as the U.S. represents a significant portion of its sales. The progress in shifting production lines enhances supply chain resilience and helps maintain profitability in a dynamic geopolitical landscape.
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