Five Potential Trade War Winners
Now is the time for manufacturers in a raft of countries to dust off their best sales pitches. That’s because as President Trump’s administration defiantly plows ahead with plans to impose tariffs on almost every Chinese import meant for the U.S. that has yet to be targeted despite pleas from retailers, many apparel and footwear companies are looking at how they can reduce their China footprint. While this is not a new trend, as companies have been working to diversify their supply chains for the past decade — mainly due to rising costs in China — the looming threat of tariffs has led some to escalate these plans, according to Stephen Lamar, executive vice president of the American Apparel & Footwear Association. “People have been looking to diversify away from China for a number of years and it certainly predates the Trump administration, but in the last year or so we’ve heard a lot of people say as a result of the uncertainty we now need to do what we’ve been talking about for the last five years or 10 years,” he said. It’s not an easy task, though, and is certainly something that cannot be done overnight, sometimes taking years as retailers can’tFollow WWD on Twitter or become a fan on Facebook.
from WWDWWD http://bit.ly/2WKMNk3
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