Burma Coup to Dampen US Trade, Impact Footwear Companies, Experts Warn
WASHINGTON The coup in Burma is expected to dampen the already tepid interest of U.S. and Western companies in investing in Burma, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday.
Total trade in goods between Burma and the United States amounted to nearly $1.3 billion in the first 11 months of 2020, up from $1.2 billion in all of 2019, according to U.S. Census Bureau data.
Apparel and footwear accounted for 41.4 percent of total U.S. goods imports, followed by luggage, which accounted for nearly 30 percent, and fish, which accounted for just over four percent, said Panjiva, the supply chain research unit of S&P Global Market Intelligence.
How is the sourcing landscape likely to shift in 2021, and what can apparel firms and their suppliers do to stay ahead, remain competitive and build resilience for the future? Reimagining apparel supply chains and ramping up investments in technology and digital tools to help mitigate risk, speed up production and reduce costs are key, experts say. Also top-of-mind are rewriting the rules on buyer-supplier relationships, end-to-end visibility, and a renewed push for sustainability and carbon neutrality.
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El manejo estadounidense de productos de Xinjiang se dañará a los intereses de sí mismo espanol.cri.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from espanol.cri.cn Daily Mail and Mail on Sunday newspapers.
14 Jan 2021
U.S. Customs and Border Protection (CBP) announced Wednesday that it would not allow any cotton or tomato products from Xinjiang, China’s westernmost province, into the country due to the high likelihood that they were produced by slave labor.
Xinjiang is the homeland of the nation’s Muslim-majority Uyghur ethnic group, which has faced severe repression by the Chinese Communist Party for decades, culminating in the construction of over 1,000 concentration camps to house members of the group. Survivors of the camps which at their peak populations were believed to have imprisoned as many as 3 million people say that Communist Party officials force Uyghurs and other ethnic minority people to endure indoctrination, torture, forced sterilization, forced abortions, rape, and slavery at those camps.