Official Ethical Hoops Play The Right Way Shirt
Independent designers weigh in on how they’re feeling about Trump’s on-again, off-again promised tariffs on trade partners. McGrath sees a potential silver lining. The presence of tariffs could make vertical integration a more attractive strategy, giving brands greater control over production and mitigating the risks associated with sudden trade policy shifts. But transitioning to vertically integrated operations is costly and prohibitive for most companies. Even as the fashion industry continues to repair supply chains fractured by the pandemic, it now faces fresh instability. The traditional pillars of sourcing — low-cost production, Tier 1 supplier prioritisation, regional concentration, historical demand modelling and bulk distribution — are all under scrutiny, McGrath continues. A growing concern is that Trump’s tariff war could push the US economy into recession, says Gary Hufbauer, senior fellow at the Peterson Institute for International Economics. Slumping consumer confidence and cautious spending suggest brands may soon need to brace for a downturn. “With all the uncertainty, firms will put expansion plans on the shelf,” he warns. “All signs point to a US recession, and a slower global economy.”Official Ethical Hoops Play The Right Way Shirt
For now, the industry remains in flux, forced to play a waiting game. “The fluid nature of the new normal in trade relations has yet to play out fully,” says FIT professor Quan. “It will be an ongoing game of wait and see, then adjust and reset as stakeholders reassess their position and take actions or counteractions to offset.” “Thank you! It was important for me to be loud. I mean I’ve always been not very quiet: mixing things and really, really going for it. But I think now more than ever, it’s important to be a bit more radical. Because if we’re not being radical, then what are we doing?” So said Duran Lantink in Milan this evening, just moments after being awarded the Woolmark Prize on stage by Donatella Versace and Ib Kamara. They were amongst the judges at this year’s edition of an award that is fashion’s most venerable and arguably most influential: its earliest winners (and near-winners) during the 1950s include Karl Lagerfeld, Valentino Garavani, and Yves Saint Laurent. This year, the prize pot was AU$300,000 (USD$187,000), a currency-specified amount that reflects Woolmark’s role to generate promotional noise about Australian merino wool. As Woolmark’s CEO John Roberts noted, this is a moment when wool is in especially urgent need of promotion: prices have dropped 40% since Covid and production has declined 20% in the last two years.
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