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How Trump s Trade War Built China s First Global Fashion Giant | BoF Professional, News & Analysis
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Biden s going to bankrupt us and inflation is coming!
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Adidas faces supply chain and China headwinds: S&P Global Reggie Wade
Sportswear giant Adidas (ADDYY) posted strong Q1 earnings, which saw the brand increase its overall currency-neutral revenues by 27% and its footwear sales by 31%. The German sportswear maker has now upgraded its full-year outlook with expectations that sales will now grow at a high-teens rate in 2021. However, there are still some causes for concern regarding supply chain management, which has bogged down some of the biggest sportswear retailers as of late, according to Christopher Rogers, Senior researcher at Panjiva, the supply chain research unit of S&P Global Market Intelligence.
Western brands ‘squeezed between an irresistible force and an immovable object’
0 32 5 minutes read (Image: Shutterstock)
This is an excerpt from Thursday’s (4/1) Point of Sale retail supply chain newsletter sponsored by ArcBest.
This time last year, retailers such as H&M and Nike (NYSE: NKE) released statements distancing their cotton sourcing from China’s Xinjiang region. The issue is predicated on severe human rights violations that NGOs and Western democracies believe involve the forced encampment of more than 1 million Muslim Uyghurs allegations (obviously) denied by China.
Skip ahead to last Wednesday, when the 12-month-old statements from H&M and other Western brands resurfaced on Chinese social media. If you spend any time on YouTube, you’ll know their algo is whack and will suggest 10-year-old videos at random. That’s not what happened here. H&M was targeted first. The Communist Party Youth League called attention to a March 2020 statement b
A More-Responsible Network Forms Through Sourcing at MAGIC Online
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