By Arthur Friedman
Though still the most dominant apparel player, things in Asia are shaping up differently than they had in the past.
“We’re in a period of consolidation amid a lot of uncertainty. China is still the dominant apparel supplier and Vietnam is No. 2 and the two of them combine for 55 percent of all apparel imports by volume,” Julia Hughes, president of the U.S. Fashion Industry Association, explained. “The fact remains that they are essential to the industry, which really matters when it comes to the trade policy agenda and concerns over how aggressively the Trump administration will go after China, and the potential for trade skirmishes.”