An article published by Brink News titled Reducing Global Supply Chain Reliance on China Won't Be Easy cites findings from USFIA's 2019 Benchmarking Study.
"More than 80% of fashion brands said they already planned to reduce sourcing from China, according to a July 2019 U.S. Fashion Industry Association report. Ensuring more resilience in supply chains is also likely to be a future expectation of investors, who will now be looking at the ability of companies to hedge risk in the event of continued outbreaks or other “Black Swan” events."
Read the full article here.