By Tara Donaldson
Whether it’s leaving China and fleeing to its regional counterparts, rising sourcing costs across countries are leaving companies at a loss for how to deflect them.
And that’s bringing on depressed optimism among sourcing executives at the apparel industry’s biggest brands and retailers.
In its sixth annual Fashion Industry Benchmarking Study released Monday, the United States Fashion Industry Association (USFIA) said just 64 percent of those surveyed are optimistic about the outlook for the next five years. That’s down 20 percentage points from the 84 percent who said as much last year.