{"id":1534792,"date":"2025-05-08T03:00:00","date_gmt":"2025-05-08T07:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1534792"},"modified":"2025-05-08T03:00:00","modified_gmt":"2025-05-08T07:00:00","slug":"worlds-largest-jewelry-brand-says-reshoring-us-production-simply-wont-work","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/worlds-largest-jewelry-brand-says-reshoring-us-production-simply-wont-work\/1534792\/","title":{"rendered":"World’s Largest\u00a0Jewelry Brand Says Reshoring US Production “Simply Won’t Work”\u00a0"},"content":{"rendered":"

World’s Largest\u00a0Jewelry Brand Says Reshoring US Production “Simply Won’t Work”\u00a0<\/span><\/p>\n

\n

Pandora Jewelry CEO Alexander Lacik spoke with Bloomberg TV’s Anna Edwards on Wednesday about the potential for re-shoring production from Asia to the U.S.<\/strong> in response to President Trump’s trade war.\u00a0But the head of the world’s largest jewelry company offered a\u00a0blunt assessment<\/strong>:\u00a0Pandora has no plans to overhaul its supply chain.\u00a0<\/strong><\/p>\n

Edwards asked Lacik: “So, a third of Pandora’s business comes from the U.S., which means you’re quite exposed to tariffs since you produce 95% of your jewelry in Thailand<\/strong>. You have plans to open a site in Vietnam, but there’s a 46% tariff on products coming from Vietnam into the U.S. So, Alexander, does this have you looking at other production locations?”<\/p>\n

<\/a><\/p>\n

Lacik responded, “If I wanted to build another plant somewhere, it would take roughly three years<\/strong> to get something up and running. You would actually need to go to places where there is a tradition of crafting. I have almost 15,000 craftspeople working for Pandora in Thailand<\/strong> at the moment. Those\u00a0craftspeople have many years of tradition in doing crafted jewelry.”<\/p>\n

Here’s one of Pandora’s\u00a0Thailand factories…<\/p>\n

<\/a><\/p>\n

“So it’s not so easy, just – it’s not like moving a machine from one place to another. So, first of all, finding the skilled people who can do the jewelry for us would be the first protocol<\/strong>,”\u00a0Lacik said,\u00a0<\/p>\n

He was very blunt: “So if you look at labor costs, if I were to consider going to the US, in terms of economics, that equation wouldn’t work for us.”\u00a0<\/strong><\/p>\n

The takeaway<\/strong> from the world’s largest jewelry company\u2014which designs, manufactures, and markets hand-finished pieces from Southeast Asia\u2014is that it has no plans to abandon its ultra-low-cost manufacturing hubs<\/strong>. That means Pandora will either absorb the tariffs or pass the added costs on to consumers.<\/p>\n

“It’s not like moving a machine from one place to another”<\/p>\n

Pandora CEO Alexander Lacik tells @annaedwardsnews<\/a> the jewelry company is not looking to build production facilities in the US to mitigate its exposure to Trump’s tariffs https:\/\/t.co\/avWsTlJs4V<\/a> pic.twitter.com\/K1PtRDqsdA<\/a><\/p>\n

\u2014 Bloomberg (@business) May 7, 2025<\/a><\/p>\n

For what it’s worth, one could argue that Americans can live without Pandora jewelry. Instead, consider buying gold and silver coins or bars\u2014real stores of value<\/a>.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 05\/07\/2025 – 23:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/worlds-largest-jewelry-brand-says-reshoring-us-production-simply-wont-work<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

World’s Largest\u00a0Jewelry Brand Says Reshoring US Production “Simply Won’t Work”\u00a0 Pandora Jewelry CEO Alexander Lacik spoke with Bloomberg TV’s Anna Edwards on Wednesday about the…<\/p>\n","protected":false},"author":0,"featured_media":1534793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1534792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1534792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1534792"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1534792\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1534793"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1534792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1534792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1534792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}