NEW YORK — Importers that sell to major U.S. retailers report they have or plan to move a portion of their manufacturing outside of China due to increased costs of raw materials and logistics, as well as the difficulties faced by Chinese factories in obtaining financing.
According to Capital Business Credit’s Global Retail Manufacturers and Importers Survey, 50 percent of U.S.-based importers have moved some of their manufacturing outside of China, and 34.2 percent are considering moving manufacturing outside of Asia.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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