War-driven disruptions in the Strait of Hormuz is triggering the most severe supply chain shock for the $82 billion US apparel import market since the pandemic.
Rising oil, freight surcharges and polyester costs are embedding an estimated $1.62 ‘war tax’ into garments.
While Bangladesh faces acute disruption and stranded cargo, Vietnam and nearshore suppliers are gaining sourcing advantage.War-driven disruptions in the Strait of Hormuz is triggering the most severe supply chain shock for the $82 billion US apparel import market since the pandemic.
Rising oil, freight surcharges and polyester costs are embedding an estimated $1.62 ‘war tax’ into garments.
While Bangladesh faces acute disruption and stranded cargo, Vietnam and nearshore suppliers are gaining sourcing advantage.
