Newly recommended novel coronavirus (COVID-19) federal regulations and accompanying legal benchmarks are expected to alter current trade and transportation landscapes for ports, carriers, and others.
Proper supply chain planning and transition can help shippers recover from current setbacks, such as tariff wars, consistent blank sailings, record-breaking delays, increased pricing, and COVID-19.
Freight volume upswing, supply chain planning and transitions, and fewer trans-Pacific sailing cancellations will position the industry for emerging growth.
As shippers seek China alternatives to overcome production delays, blank sailings and other bottlenecks, Mexico and Central America are solid choices due to extensive apparel exports, rapid U.S. trade partner growth, and easy intermodal transportation access.
The U.S.-China trade war and ongoing disruption from the novel coronavirus pandemic present significant challenges to shipping, freight forwarding, and the apparel industry overall. Experts from across the sector weigh in on these challenges and potential solutions.
Top apparel industry executives share their critical insights on what they’ve been experiencing during the ever-evolving COVID-19 crisis, and its impact on shipping and logistics.
Despite the ongoing global COVID-19 pandemic and devastating economic fallout, international trade will eventually bounce back, with alternative countries of production and free trade agreements contributing to optimism for the apparel industry.
The apparel industry continues to experience production delays, blank sailings, and transportation bottlenecks due to current global health and economic crises.
A freight forwarder can help shippers remedy the current economic downturn through creative contingency planning, supply chain transitions, and cultivating relationships with alternative production nations.
It’s important to evaluate capacity, infrastructure, production costs, competitive ready-made garment landscape, and other challenges when shifting your supply chain to Bangladesh.
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