War-driven disruptions in the Strait of Hormuz is triggering the most severe supply chain shock for the $82 billion US apparel import market since the pandemic.
Rising oil, freight surcharges and polyester costs are embedding an estimated $1.62 ‘war tax’ into garments.
While Bangladesh faces acute disruption and stranded cargo, Vietnam and nearshore suppliers are gaining sourcing advantage.
Rising oil, freight surcharges and polyester costs are embedding an estimated $1.62 ‘war tax’ into garments.
While Bangladesh faces acute disruption and stranded cargo, Vietnam and nearshore suppliers are gaining sourcing advantage.
