12 May 07:23

International
Foto: pixabay.com/ro
German brand Puma has adjusted its supply chain by significantly reducing products shipped from China to the United States following new tariffs. The company, which is in transition after a change of CEO, reported marginal sales growth but faces challenges related to US tariffs. Puma will keep an eye on the competition before deciding on price hikes and has announced 500 layoffs as part of its cost-cutting plan.