What is Logitech doing to mitigate the impact of U.S. tariffs?

Logitech is shifting its production lines out of China to reduce the impact of U.S. tariffs on its computer peripherals.

How much has Logitech reduced its China production so far?

Logitech has already reduced the share of products bound for the U.S. from China from 40% to around 30%.

What is Logitech's goal for reducing China production by the end of 2023?

Logitech aims to further reduce the share of products from China to just 10% by the end of 2023.

Home / Business and Economy / Logitech Cuts China Production by 30% to Mitigate Trade War Impact

Logitech Cuts China Production by 30% to Mitigate Trade War Impact

30 Jul

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Summary

Logitech shifting production lines out of China to reduce U.S. tariff impact
Currently at 30% of products bound for U.S. from China, down from 40%
Aims to further reduce to 10% by end of 2023

Logitech Cuts China Production by 30% to Mitigate Trade War Impact

Logitech International, a leading manufacturer of computer peripherals, is actively working to shift its production lines out of China in order to mitigate the impact of U.S. tariffs on its products. The company had announced these plans back in April 2023, and it is now reporting significant progress in this effort.

As of July 2023, Logitech has already reduced the share of its products bound for the U.S. market that are coming from China from 40% down to around 30%. The company's CEO, Hanneke Faber, stated that they are "well on track" to further reduce this figure to just 10% by the end of the current year.

This shift in production locations, which includes moving operations to countries like Malaysia, Thailand, Vietnam, and Taiwan, is not leading to any material cost increases for Logitech. The company is effectively navigating the ongoing trade tensions between the U.S. and China, ensuring that its business remains competitive and resilient in the face of the tariffs.

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