Fashion Execs Anticipate Further Sourcing Reductions from China in 2023

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Written By Jennifer Joslyn

🛍 Fashion Execs Anticipate Further Sourcing Reductions from China in 2023.

According to the U.S. Fashion Industry Association's latest industry survey, nearly 80% of fashion executives intend to decrease their sourcing from China over the next two years. A record 15% of respondents indicated their companies are planning to significantly decrease sourcing from China. Over 40% mentioned that they currently source less than 10% of their apparel products from China, a notable increase from previous years. The report highlighted concerns about the deteriorating U.S.-China bilateral relationship, prompting fashion companies to expedite their shift away from China to mitigate risks.

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Jennifer Joslyn
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