Asia dominates market share of US fashion imports in 2024
US fashion companies continued to adjust their sourcing base in 2024 in response to a shifting market environment that included…
All articles by Dr Sheng Lu
Dr Sheng Lu
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China’s unbeaten price for US fashion imports in 2024 set to continue
Sourcing costs matter significantly to fashion brands and retailers as consumers check price tags and apparel is a thin-profit margin…
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US import 2024 data signals complex year ahead for fashion sourcing
How did US fashion imports perform in 2024 against the backdrop of ongoing uncertainties in the US economy and escalating…
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Key trends to watch as world clothing trade moves from China to wider Asia in 2023
Affected by the slowing world economy and fashion companies’ evolving sourcing strategies in response to the rising geopolitical tensions, mainly…
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How Asket is achieving apparel supply chain traceability
With consumers’ increasing awareness of the environmental and social impact of their clothing, there is a growing public call for…
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US trade report: African Growth and Opportunity Act (AGOA)’s impact on apparel
Earlier this week (17 April), the US International Trade Commission (USITC) released a new report analysing the trade and economic…
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Should the US apparel sector prepare for recession or recovery?
From Vietnam to Bangladesh, garment factories in many leading apparel-exporting countries recently reported a slowdown in sourcing orders. Is another…
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Key trends to watch as US apparel imports hit record high in 2022 but slow in 2023
2022 marked the third year since the global pandemic. While the impact of Covid showed signs of abating in areas…
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Nearsourcing satisfies US apparel retailers’ recycled textile craving
The latest issue of Sustainability features a new study which explores US retailers’ sourcing strategies for clothing made from recycled…
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Is China a business opportunity or liability for fashion companies in 2023?
China is a US$300-$350bn annual fashion retail market, but its economic growth has slowed amid various new uncertainties in recent…