MYANMAR CLOTHING SECTOR LIKELY TO BE MAJOR LOSER FROM COUP, WARNS USA INDUSTRY ASSOCIATION
February 1st, 2021
The president of the United States Fashion Industry Association (USFIA) has warned that the military takeover in Myanmar could spark a significant shift in sourcing away from this south-east Asian country if democracy is not restored promptly. Julia Hughes told just-style: “If there is not a quick resolution, then yes we would expect a major shift to other Asian suppliers.” Given that brands and retailers need to include political risk within their standard supplier risk assessments, Ms Hughes predicted that even with “a relatively quick resolution” to ...
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