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June 14, 2022

US apparel industry welcomes House passage of Ocean Shipping overhaul bill

The American Apparel & Footwear Association (AAFA) has praised passage of the Ocean Shipping Reform Act of 2022 (OSRA) in the House.

By Fi Forrest

The bipartisan bill requires the Federal Maritime Commission (FMC) to establish and reinforce rules to prevent excessive and unjust detention and demurrage fees and establish rules regarding refusal/denial of service, AAFA says, adding it sent a ‘Yes’ key vote letter to members of the House ahead of yesterday’s (13 June) vote.

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Because the measure was previously approved by the Senate, yesterday’s action in the House now clears it for signature by President Biden, who has indicated he will sign it into law.

“The Ocean Shipping Reform Act is an essential – and frankly long-overdue – piece of legislation that will strengthen the resiliency of our supply chains,” says Steve Lamar, president and CEO of American Apparel & Footwear Association.

“AAFA has been a leading advocate for this bill to ensure that American companies are protected from price gouging in the global shipping industry. The supply chain crisis that began in 2021 and continues today, showed us how price gouging and non-competitive practices can impact American companies and American families. This bill will ensure that these sorts of practices are not replicated in the future. Thank you to Congressmen John Garamendi (D-CA-3) and Dusty Johnson (R-SD) and Senators Amy Klobuchar (D-MN) and John Thune (R-SD) for their leadership in getting Congress to recognize the urgency of this situation and getting this legislation approved in near-record time. We urge the President to sign this measure as soon as possible so that it can be swiftly implemented and enforced.

“While this bill meets an essential need, there is still much that needs to be done to address the ongoing supply chain crisis and record inflation that are stymieing our economy. Additional steps are needed to limit the damage of these circumstances. In particular, the administration could quickly help American companies and American families by removing the punitive tariffs imposed by the previous administration.”

The AAFA recently joined forces to unify the fashion industry’s efforts on climate change and said industry policies must align with global efforts.

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How can brands navigate the post-COVID-19 Apparel market?

In 2021, the Global Apparel market remained at 3% below pre-pandemic levels, with Europe and LATAM lagging behind. If they want to see full recovery, brands must look ahead. GlobalData is therefore offering this free report, Future of the Apparel Market Post Pandemic, to assist companies in adapting to the future market. This report explores the following topics:
  • Latest forecasts for the online apparel market out to 2025
  • How different regions and categories will perform, including which regions are lagging behind and which are performing at pre-pandemic levels
  • Which categories within the Apparel market are displaying resilience
  • Which brands are driving online spending
  • Impact of inflation on the Global Apparel market
  • What the biggest trends are that apparel businesses must adopt to succeed
Read our report on the Future of the Apparel Market Post Pandemic to gain valuable insights on how to best position your brand in a post-COVID-19 world.
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