Foreign Companies Say It's Too Early to Assess Oil Price Impact

GateUser-bd883c58 · 2026-03-23T12:16:10+00:00

Taipusi Group Shengde Pu stated at the China Development Forum that despite international oil price fluctuations caused by the Middle East situation, its supply chain remains robust and able to continue delivering products. He emphasized the need to continue monitoring the situation, noting that companies will face similar challenges in the future.

GateUser-bd883c58

2026-03-23 12:16:10

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Ask AI · How does Tapestry ensure a resilient supply chain amid global oil price fluctuations?

China News Service, March 22 — (Reporter Dong Xiangyi) Uncertainty in the Middle East has led to a surge in international oil prices, and the volatility originating from the energy market is also being transmitted through the supply chain to industries such as apparel. Regarding concerns over fluctuations in raw material costs, Sheng Depu, President of International Business and Chief Growth Officer of Tapestry Group, told reporters during the China Development Forum, “It’s too early to comment now. As of now, our supply chain is very resilient. We have the ability to continue delivering products to our customers.” He also mentioned that further observation of the Middle East situation is needed, and ultimately, every company will face the same challenges in the future. (End)

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