The maker of Huggies and Kleenex has had to raise prices, but that's due to commodity costs, not tariffs, CEO Michael Hsu says.
"Generally, we haven't been that affected by [tariffs] because we mostly produce in our local markets for our local consumers," said Hsu, who took over as CEO in January.
Kimberly-Clark's local production has benefited the company amid the trade war not only because the company eludes tariffs but also because in China it isn't solely seen as an American company, Hsu explained. "Our team came back hard with really great innovation, and it's really working well this year in our premium tiers," Hsu said.was a spike in commodity costs in 2018, Hsu.
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