Monday, June 24, 2024
spot_imgspot_img
spot_imgspot_img
HomeFashion & RetailUS to source from China more

US to source from China more

TF International Desk

us-retailers-to-chinaChina has become the top choice for it’s apparel sourcing Most US fashion manufacturers and retailers prefer to source from China. Some 91 per cent of them source from China. Vietnam is the second go-to sourcing spot.
Bangladesh has been a popular sourcing destination because of its low-cost labor, but there are compliance issues with that country’s factories. So only 32 per cent of US fashion industry executives expect to increase their sourcing there. While duty-free imports are critical for keeping costs down, most of the 19 free-trade agreements the United States has with other countries are underutilized. Only the North American Free Trade Agreement is used by a significant proportion of US manufacturers.

What is worrying US business is the tariff their country is threatening to impose on imports from major US trading partners. American manufacturers are opposed to the US border adjustment tax that would tax imports and subsidize exports. Second on their list of concerns is competition from e-commerce sites that are cutting into bricks-and-mortar store sales. Some 57 per cent of them are worried about the growth of companies such as Amazon and new entrants to online sales. They feel bricks-and-mortar stores are still an important source for shoppers.

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Fashion for Good Museum Shares its Legacy and Embarks on a New Phase

The Fashion for Good Museum publishes its legacy document. A testament to its transformative journey, the report was prompted by the museum’s closure on...

Renewcell Bankruptcy: A Setback for Circular Fashion Technology

Introduction: Renewcell offered hope in sustainable fashion, where creativity and environmental awareness coexist. The Swedish company, known for its innovative work in circular fashion...

YUEMEl is a professional manufacture of computerized embroidery machines, with strong independent product development and manufacturing

Guangzhou International Textile, Clothing and Printing Industry Expo (ITCPE) has become a professional exhibition with wide influence, high popularity and good effect. Focusing on...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE