Henkel expresses positivity in the face of customs disputes with the United States
Carsten Knobel, the CEO of Düsseldorf-based consumer goods conglomerate Henkel, expressed his optimism during a recent interview with "Die Zeit" that a viable resolution will emerge from the ongoing trade conflict with the United States. Having recently returned from the US, Knobel voiced concerns about the prevailing gloom among consumers and industries, suggesting that even the US government cannot disregard this mounting pressure.
"In trade wars, there are no winners—only losers, and these losers are the consumers," Knobel noted. He emphasized that no country, including the US, can afford such losses. However, Knobel acknowledged that surviving the unpredictability of the current political climate is crucial.
Unlike other companies, Henkel, operating in over 100 countries, is less exposed to the trade conflict's impact, according to Knobel. Since more than 85% of the products they sell are produced locally, tariffs have a minimal impact on the company.
On the issue of diversity, Henkel maintains its stance. The company aims to attain a balanced gender ratio in its management by 2025, a decision Knobel believes underscores the organization's commitment to the issue. Currently, 42% of the company's leadership positions worldwide are held by women.
Despite the challenges posed by the current trade environment and the unpredictable US presidency, Knobel expressed his confidence in navigating these complexities to ensure Henkel's continued success.
"In the current business landscape, Carsten Knobel believes it's crucial for companies like Henkel, operating within various industries, to adapt and survive the unpredictability of political climates, such as the ongoing trade conflict with the United States."
"According to Knobel, while Henkel, with its presence in over 100 countries, may be less exposed to the direct impact of trade conflicts on its finance due to its local production strategy, the company remains resolute in its commitment to diversity, aiming for a balanced gender ratio in its management by 2025."
