The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point.
What Happened: The U.S. supply chain is nearing a tipping point due to a decline in manufacturing orders and freight vessel bookings from China. Apparel and footwear, sectors heavily dependent on Chinese imports, are particularly at risk. In 2024, China accounted for 37% of all U.S. apparel imports and 58% of all U.S. footwear imports. The sudden implementation of tariffs left companies with little time to adjust their sourcing strategies, reported CNBC.
Companies are bracing for a range of impacts, including price increases and wary consumers. Orders for high-value items have spiked in anticipation of price hikes. Supply chain experts predict that lower-end stores, which rely on low-cost imports, will feel the …
Full story available on Benzinga.com
The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point.
What Happened: The U.S. supply chain is nearing a tipping point due to a decline in manufacturing orders and freight vessel bookings from China. Apparel and footwear, sectors heavily dependent on Chinese imports, are particularly at risk. In 2024, China accounted for 37% of all U.S. apparel imports and 58% of all U.S. footwear imports. The sudden implementation of tariffs left companies with little time to adjust their sourcing strategies, reported CNBC.
Companies are bracing for a range of impacts, including price increases and wary consumers. Orders for high-value items have spiked in anticipation of price hikes. Supply chain experts predict that lower-end stores, which rely on low-cost imports, will feel the …
Full story available on Benzinga.com
The U.S. retail sector is facing potential shortages in key consumer product areas as the ongoing trade war with China leads to a decrease in manufacturing orders and freight bookings, pushing the national supply chain towards a critical point.
What Happened: The U.S. supply chain is nearing a tipping point due to a decline in manufacturing orders and freight vessel bookings from China. Apparel and footwear, sectors heavily dependent on Chinese imports, are particularly at risk. In 2024, China accounted for 37% of all U.S. apparel imports and 58% of all U.S. footwear imports. The sudden implementation of tariffs left companies with little time to adjust their sourcing strategies, reported CNBC.
Companies are bracing for a range of impacts, including price increases and wary consumers. Orders for high-value items have spiked in anticipation of price hikes. Supply chain experts predict that lower-end stores, which rely on low-cost imports, will feel the …Full story available on Benzinga.com Read Morebenzinga neuro, BIGC, Donald Trump, HD, holiday sales, LSPD, News, RTH, SHOP, TGT, trade war, us china, us retail sales, WMT, XRT, Markets, RTH, US76127U1016, XRT, US78464A7147, HD, US4370761029, TGT, US87612E1064, WMT, US9311421039, SHOP, BIGC, LSPD, News, Markets, Benzinga News
