WASHINGTON — The increasing prices of goods, changing labor patterns and costs and the devaluation of the dollar on the world economic stage are driving apparel and footwear production out of traditional bases in southern China.
It’s a situation sourcing executives referred to as “a perfect storm” of global economic and political factors. Oil and gas prices have increased the costs of some raw materials, and the expense of transporting those materials and finished goods. Add to those elements increased labor costs, a dollar falling against the yuan and moves by the Chinese government to shift apparel production to new provinces, executives said.
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)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"