US Apparel Retailers Break Ties With China Amid Growing Concerns
🇨🇳 US Apparel Retailers Break Ties With China Amid Growing Concerns.
A growing number of US fashion companies are distancing themselves from China as their top supplier, with 61% of apparel retail CEOs no longer relying on China as their primary source. This figure has doubled since before the pandemic, driven by concerns over diplomatic uncertainty and forced labor issues. Nearly 80% of these companies plan to reduce their sourcing from China over the next two years and are looking to countries like Vietnam, Bangladesh, and India as alternative suppliers with stable economic and political situations. US-China relations and the enforcement of the Uyghur Forced Labor Prevention Act have been key factors driving the shift away from China. While breaking ties with China poses challenges due to its efficient and low-cost production, many companies are diversifying their supply chains to mitigate risks associated with the region's cotton products, particularly from the Xinjiang region.
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