In an increasingly unpredictable global market, staying ahead of sourcing trends, supply chain disruptions, and regulatory shifts is more critical than ever. For fashion brands and retailers, understanding the forces reshaping global sourcing is vital to maintaining a competitive edge.
Download the Latest Retail Sourcing Report
TradeBeyond’s new Retail Sourcing Report: Q3/Q4 2024 Insights & Indicators provides a comprehensive look at the emerging trends and economic indicators that will define the second half of the year. Along with key insights into the rise of regional trading blocs and the decoupling from globalization, the report shows signs of stabilization in the global sourcing landscape for the first time since the pandemic.
Highlights from the report include:
- Rise of Regional Powerhouses: The world is pivoting away from globalization, with geopolitical tensions driving a shift toward powerful regional trade blocs. As the U.S., China, and Russia intensify their focus on regional alliances, retailers must adapt to the new reality of fragmented supply chains.
- Optimistic Economic Trajectory: With global GDP projected to grow by 2.6% in 2024, the world economy is regaining its footing. This forecast provides a strategic window for fashion brands to capitalize on emerging markets and invest in long-term growth, despite lingering uncertainties.
- Strategic Shift to Southeast Asia: As U.S. tariffs on Chinese goods intensify, Southeast Asia, particularly Vietnam and Indonesia, is emerging as a critical manufacturing hub. This shift presents a golden opportunity for fashion brands to reconfigure their supply chains for enhanced agility and cost-efficiency.
This report is essential reading for fashion retailers and brands looking to adapt their sourcing strategies to the evolving global landscape. As European fashion brands face tightening regulations and consumer demands for transparency, this report provides the actionable insights needed to align sourcing strategies with both market opportunities and increasingly critical regulatory and ESG requirements.