Andrew Burnstine – Retail Matters
For fashion’s supply chains, disruption appears to be the new normal. First came the pandemic which saw government-imposed lockdowns and port and factory closures lead to supply chain bottlenecks across the world. Since then, the escalation of geopolitical tensions from Ukraine to the South China Sea and most recently the Middle East have also served to spook markets and disrupt global trade.
Beyond the immediate impact on retailers, it is feared a prolonged Red Sea crisis, coupled with escalating conflict across the Middle East, could have a knock-on effect on the global economy.