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4 key US apparel import trends to watch in 2021


Source: 2020 USFIA Fashion Industry Benchmarking Study
Measured by value, more than 70% of US apparel imports still came from Asian countries in 2020 – a pattern that has stayed stable for over a decade. Except for China, other leading Asian apparel suppliers all gained market shares in 2020 from a year earlier. This includes Vietnam (19.6% in 2020 vs 16.2% in 2019), ASEAN members (32.3% in 2020 vs 27.4% in 2019), Bangladesh (8.2% in 2020 vs 7.1% in 2019), and Cambodia (4.4% in 2020 vs 3.2% in 2019).
According to the 2020 US Fashion Industry Benchmarking Study released by the US Fashion Industry Association (USFIA),
Asian suppliers overall enjoy two competitive advantages as apparel sourcing bases: sourcing cost, and flexibility and agility. These two factors are also the most relevant during the pandemic. ....

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Outlook 2021 – Apparel industry challenges and opportunities


2021 should be a year of winners and losers. The fallout from the coronavirus pandemic means there will be continued volatility, uncertainty, complexity and ambiguity, with fewer retail brands, stores and malls. The winners will be those companies that communicate purpose, deliver new value, and adapt to this new normal, according to executives consulted by just-style.
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