Coach Bags Languish in Vietnam Port in Painful Tariff Workaround
- Cambodia, Myanmar offer cost reprieve but longer lead times
- Tapestry, Vera Bradley moved factories in bid to get out ahead
Photographer: David Paul Morris/Bloomberg
This article is for subscribers only.
With President Donald Trump slapping 25% tariffs on $200 billion in Chinese goods Friday, those companies who’d already started moving production outside China are looking pretty smart. But those shifts come with their own headaches.
Take Tapestry Inc., owner of the Coach and Kate Spade brands. As it relocates more manufacturing outside China, interim finance chief Andrea Shaw Resnick says it’s finding infrastructure investments in key Asian ports like the Philippines, Vietnam and Cambodia “have simply not kept pace.”