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Investing.com -- HP Inc (NYSE:HPQ). is contemplating moving some of its manufacturing operations to the United States, according to the company’s Chief Executive Officer Enrique Lores. The potential shift comes amidst a backdrop of tariff threats from President Donald Trump and a push for corporations to invest more domestically.
Lores shared this information in an interview with Bloomberg TV on Friday, stating that this is "one of the scenarios that we are contemplating." However, he also stressed that the Palo Alto, California-based company has not made a final decision yet.
The CEO recognized the challenges associated with such a move, particularly in terms of coordinating with suppliers and restoring operations in the US. "It is not only the assembly that we would be doing — it is what will it take to bring all of the different components and different suppliers we have and have them manufacture here?" Lores said. He added that this would be a long process and is part of the ongoing evaluation within the company.
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