The Ukraine war, inflation, soaring energy costs and a turbulent market environment are all taking their toll on the global apparel and textiles industry. Weakened consumer demand is inevitable next year, while the US and China trade war is likely to continue impacting supply chain decisions. While challenges will be rife, opportunities will be found in sustainability and reducing waste, investment in technology and exploring ways to bring the supply chain closer to home.
Edwin Keh, CEO, Hong Kong Research Institute of Textiles and Apparel (HKRITA):
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