Trade route shifts may affect 45 per cent of textile-apparel value
The report highlighted that between 2017 and 2024, China’s share of US textile and apparel imports declined by 14 percentage points. Apparel and textile supply chains have become increasingly vulnerable to shifting trade dynamics, with nearly 45 per cent of the sector’s trade value exposed to potential disruption from changes in trade corridors, according to a report by McKinsey...
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