The price of apparel sourcing is going up, even as low-cost alternatives to China — namely Bangladesh, Vietnam and Cambodia — increase their market share.
A new McKinsey & Co. survey conducted among 29 chief purchasing officers responsible for a sourcing value of $39 billion confirms that decades of apparel sourcing deflation have come to an end and apparel companies will now face a steady increase in sourcing costs.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)