Ralph Lauren is enhancing its supply chain to address potential risks from rising tariffs, as noted in a recent earnings call. The company has diversified its sourcing over the last seven years, moving production closer to the U.S. and establishing strong global partnerships, which have proven beneficial during the pandemic. Currently, only a small percentage of its products are sourced from China. CEO Patrice Louvet indicated that the company is prepared to navigate any future tariff policies, similar to its past experiences, while other brands like Steve Madden and Adidas are also revising their sourcing strategies.
Source: https://www.supplychaindive.com/news/ralph-lauren-supply-chain-tariff-trump-earnings-q2/733113/