AFRICA’S KNITWEAR SECTOR LOOKS TO EXPLOIT EUROPEAN AND AMERICAN SHIFT TOWARDS NEARSOURCING
November 23rd, 2022
The African knitwear manufacturing sector has been regaining ground lost during the Covid-19 pandemic, with established manufacturing hubs capitalising on the growing demand for nearshoring in Europe and to a lesser extent the USA. There are major investments under way in developing production capacity, particularly in West Africa. Fears of recession in Europe and the USA however are putting a dampener on growth in the immediate term.
“There has been a rebound in African markets, and overall, knitting is gaining momentum. This is due to pressure from ...
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