Global Apparel Market – An Overview | Watch NOW! | Ad
Home / Knowledge / News / Fashion / Protectionism major hindrance for US fashion industry
Protectionism major hindrance for US fashion industry
Jul '18
Protectionism major hindrance for US fashion industry
For the second consecutive year, protectionist trade policy agenda in the US has been considered as a major challenge for the fashion industry, says a recent survey by the United States Fashion Industry Association (USFIA). Concerned on the rising production or sourcing cost, 60 per cent of the respondents have ranked this issue among their top 5 challenges.

As the fashion industry becomes more globalised and fast-paced, companies’ sourcing decisions are increasingly striking a balance. The most popular sourcing strategy remains 'China plus Vietnam plus Many'. But, more companies are planning to further diversify their production in response to the changing business and trade policy environment, especially with regards to China, according to the USFIA's fifth annual Fashion Industry Benchmarking Survey.

Conducted in conjunction with Dr Sheng Lu, associate professor in the University of Delaware, department of fashion and apparel studies, the survey asked respondents about the business outlook, sourcing practices, utilisation of free trade agreements and preference programmes, and views on trade policy.

The survey was conducted between April 2018 and May 2018. The survey was conducted between April 2018 and May 2018. In terms of business size, 76 per cent of respondents have more than 1,000 employees, including 64 per cent with more than 3,000 employees. This suggests the findings well reflect the views of the most influential players in the US fashion industry.

The study further revealed that the respondents are predominantly supporting initiatives to eliminate trade barriers of all kinds, from high tariffs, to overcomplicated documentation requirements, to restrictive rules of origin in NAFTA and future free trade agreements. More than half of respondents explicitly said that NAFTA is important to their business—and they have grave concerns about the uncertain future of the agreement.

Despite concerns about trade policy and cost, executives are more confident about the five-year outlook for the US fashion industry in 2018 than they were a year ago, although confidence has not fully recovered to the level seen in 2015 and 2016, the survey stated.

Overall, the fashion companies in the US are making more commitments to sustainability and social responsibility with 85 per cent of respondents planning to allocate more resources for sustainability and social compliance in the next two years, in areas including providing training to suppliers and internal employees, adding more employees, and working more closely with third-party certification programs on sustainability and social compliance. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Luke Otten, Wigwam Mills Inc

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Carolin Russ,

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on

Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search