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Tag: reliant

Trade war, coronavirus show retail too reliant on China: Ex-Macy’s CEO

The trade war and coronavirus outbreak helped demonstrate that retail supply chains have become too reliant on China, former  CEO Terry Lundgren told CNBC on Wednesday. “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 …

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