Blog: Leonie BarrieGood morning Vietnam...or good night?

Leonie Barrie | 9 July 2003

It’s just a couple of months since the US successfully negotiated a series of quota curbs on Vietnamese textile and clothing imports, yet the new arrangements have already descended into farce. Recent reports suggest that millions of dollars worth of clothing shipments destined for US retailers have been stranded at Vietnamese ports after a mix-up in quota allocations. Apparently, some factories contracted to fill US orders did not get quota allocations, while others have quotas but no US orders. Others still are believed to have already used this year’s quota allocation.

But it’s not just manufacturers losing out under the pact, signed in April, which set quotas on 38 types of apparel and textile from Vietnam and capped exports to America at $1.7 billion in 2003. With lead times of several months, US retailers are less willing to risk tying up orders if there is no guarantee they will get their garments shipped. Ironically, though, the US domestic industry – which championed so hard for the restrictions in the first place – won’t benefit from Vietnam’s loss.

No, the orders will simply disperse elsewhere in South East Asia or wherever the best prices and quotas prevail.

BLOG

just-style market research sale

Are you planning for the year ahead and beyond? Well this week we’re offering great deals on some of our market research......

BLOG

Gearing up for the holiday shopping season

The volume of US apparel imports saw an increase in October on the prior year as retailers geared up for the holiday shopping season. Bangladesh booked the second highest growth behind India, reversin...

BLOG

Innovations to boost sustainability

Hong Kong-based textile and apparel giant Esquel Group, the world's largest woven shirt maker, is pushing ahead with the pursuit of sustainable and holistic quality. ...

BLOG

Sign up to try new re:source apparel sourcing tool for free

The old saying "Good things come to those who wait" is certainly true for re:source, the new suite of data-driven sourcing tools being developed by the team here at just-style....

just-style homepage



Forgot your password?