Home Depot avoids tariff-induced price hikes by diversifying sourcing countries

Home Depot remains confident it can shield customers from tariff-driven price increases, a stark contrast to warnings from other major retailers. The home improvement giant attributes its resilience to years of strategic supply chain diversification, ensuring it won't lean too heavily on any single international source. During a conference call on Tuesday, Billy Bastek, executive vice president of merchandising, emphasized that Home Depot's suppliers have successfully shifted sourcing across numerous countries. This proactive approach means the company expects no single country outside the U.S. to account for more than 10% of its purchases within the ...