Open figure viewer
Significance
In recent months, growing geopolitical tensions -- especially between the United States and China -- have had a significant effect on the operations of these businesses as well. Moreover, the firms are running into legal trouble as the sector matures and competition intensifies.
Impacts
Litigation between Chinese firms may attract fresh scrutiny in Washington as their business practices become public.
Ultrafast fashion outlets will not alter their business models without policy action on sustainability.
Fast fashion outlets are more likely to continue responding to demands for sustainable supply chains.
Keywords:
United States,
AP,
NA,
China,
economy,
industry,
international relations,
consumer,
foreign trade,
retail,
textiles,
Textiles & apparel
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
You do not currently have access to this content.
