So far, China and Europe are feeling the biggest impact of a global economic slowdown, while the U.S. has remained relatively unscathed, thanks to the strong dollar.
Highlights from the Q4 Retail Sourcing Report:
- Container freight capacity has normalized, with prices down significantly from recent highs.
- The ASEAN region is seeing a strong pick-up in orders shifting from China.
- Nearshoring markets such as Mexico and Central America are primed for growth.
- China and Russia are aggressively decoupling from reliance on the U.S. dollar for trade.
Download the latest Q4 Sourcing Report!
Download the Q4 2022 Retail Sourcing Report