Trade war and coronavirus show retail supply chains are too dependent on China, ex-Macy's CEO says
The trade war and coronavirus outbreak helped demonstrate that retail supply chains have become too reliant on China, former CEO Terry Lundgren told CNBC recently. "The answer is yes. It is too much," Lundgren said on "Closing Bell." Lundgren, who retired from the Macy's board in January 2018, noted different categories of the retail industry face varied levels of exposure.
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