L'Oreal CEO Agon Braces for 'Chaotic' Year in 2017

In an interview, L'Oreal CEO Jean-paul Eggo discusses the company's 2016 earnings, which met analyst expectations, and anticipates a chaotic 2017 due to political risks. He describes the world as increasingly VUCA (volatile, uncertain, complex, ambiguous) but notes the beauty market's growth. France was the most challenging market last year, and there's uncertainty about its future. Eggo mentions no current contingency plan for a potential French exit from the euro. He highlights L'Oreal's strategy of manufacturing locally for each market, which helps mitigate the impact of US protectionism. The company balances imports and exports, with most US sales being locally produced.

How does the CEO feel about the potential impact of US protectionism?

What is L'Oreal's policy regarding manufacturing?