Be a Cyber Risk Hero: Understand the Risks & Learn Best Practices to Get Them Insured

  Registration is closed for this event
Join USFIA and Barnes & Thornburg LLP to learn about cybersecurity and what you can do to combat cyber threats to your organization.

Is cybersecurity a board-level concern for your company?  What does that even mean? Can you get someone else to share in the financial risk of this burgeoning threat?

In this presentation, you will hear about the latest risks, how much they’ll cost your company when the inevitable happens, and, perhaps most important, understand best practices for getting insurance companies or others to pay the resulting costs. The webinar will be presented by Scott N. Godes, Partner at Barnes & Thornburg LLP and veteran trial lawyer with experience in insurance coverage matters and technology issues. He is a member of the firm’s Litigation Department, the Policyholder Insurance Recovery and Counseling Group, and the Internet & Technology Law Group.

This webinar will be recorded and distributed to all registered participants.

This webinar is part of the United States Fashion Industry Association's Fall Management Refresher: How to Better Manage Your Employees, Your Data, and Grow!

 

 

 

 

 

When
September 16th, 2014 from  2:00 PM to  3:00 PM
Location
Online via Go2Webinar
Contact
Phone: 202-419-0444
Email:

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2025 USFIA Fashion Industry Benchmarking Study

This is the 12th USFIA Benchmarking Survey and unsurprisingly, fashion industry executives are more concerned with tariffs than ever. The top business challenges facing U.S. fashion companies center on the Trump Administration’s escalating tariff policy and its wide-ranging impacts on companies’ sourcing and business operations.

100% of respondents rated “Protectionist U.S. trade policies and related policy uncertainty, including the impact of the Trump tariffs” as one of their top business challenges in 2025. In taking the #1 spot, this challenge rose from #5 in 2024 and #11 in 2023, showing the increasing concern over the last few years.

Over 70% of surveyed companies reported that the higher tariffs increased sourcing costs, squeezed profit margins, and led to higher consumer prices.
Tariffs have been the most significant factor driving sourcing cost increases for U.S. fashion companies in 2025. And amid higher tariffs and policy uncertainty, about 65 percent of respondents feel optimistic about the next five years in 2025, a decline from 75 percent one year ago.

Download the complete study here, and see the highlights below:

 2025 USFIA Benchmarking Study - Respondents expressed the most concern about protectionist U.S. trade policies and their ripple effects in 2025

Higher tariffs have triggered ripple effects across supply chains.

2025 USFIA Benchmarking Study - Figure 1-3 US fashion companies reported broad economic impacts of the escalating tariffs on their sourcing and business operations

2025 USFIA Benchmarking Study - Figure 1-4 U.S. fashion companies explored various methods to mitigate the tariff impacts

 

U.S. fashion companies are actively exploring new sourcing opportunities, with a particular focus on emerging suppliers in Asia

2025 USFIA Benchmarking Study - Figure 2-20 U.S. fashion companies plan to exand apparel sourcing from emerging sourcing destinations in Asia and the rest of the world through 2027

 

2025 Sourcing Trends Mid-Year Update

USFIA's 2025 Sourcing Trends Mid-Year Update is out with data from the first six months of 2025. Members can log-in to the website to download it here. 

The top 4 sourcing trends in the mid-year report are:

  1. China remains the top supplier of textiles and apparel.
  2. Asian apparel suppliers continue to dominate sourcing.
  3. Average unit values rise for yarns and apparel.
  4. Despite high duty rates, FTAs and preference programs remain underutilized.

 

2025 Mid-Year Sourcing Report: WTO's top Apparel Exporters in 2024

The European Union and China are basically tied as the largest suppliers of the world’s clothing. While China’s share of world exports has fallen since the 2010s, it manufactures 29% of apparel. The European Union – including Italy and France – ranks slightly larger as a supplier of the world’s clothing. The EU remains a strong apparel manufacturer, from the high-end fashion houses in Milan to lower cost producers. And the tariff framework agreement that limits the U.S. reciprocal tariffs means that the EU now could gain a cost advantage.

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