1、Type here 2024 United States Fashion Industry Association and Sheng Lu.All rights reserved.2025 Fashion Industry Benchmarking Study July 2025 By Dr.Sheng Lu Professor Department of Fashion&Apparel Studies University of Delaware in collaboration with the United States Fashion Industry Association i C
2、ontents Abbreviations.ii Foreword by Julia K.Hughes,President,U.S.Fashion Industry Association.iii Executive Summary.iv I.Business Environment in the U.S.Fashion Industry.1 1.1 Top Business Challenges in 2025.1 1.2 Impacts of Trumps Tariffs on U.S.Fashion Companies.4 1.3 Outlook for 2025 and the Nex
3、t Five Years.7 1.4 Demand for Human Talent in the Next Five Years.8 II.Sourcing Practices in the U.S.Fashion Industry.10 2.1 Apparel Sourcing Base and Sourcing Portfolio in 2025.10 2.2 Textile Raw Material Sourcing.14 2.3 Sourcing Cost.16 2.4 Strengths and Weaknesses of Primary Sourcing Destinations
4、.17 2.5 Sustainability,Social Responsibility,and Compliance Issues in Sourcing.21 2.6 Managing the Risk of Forced Labor in Sourcing.23 2.7 Sourcing Clothing Using“Sustainable Textile Fibers”.25 2.8 Emerging Sourcing Trends for the Next Two Years.29 III.Trade Policy and the U.S.Fashion Industry.37 3.
5、1 Utilization of Enacted U.S.Free Trade Agreements and Preference Programs.37 3.2 African Growth and Opportunity Act(AGOA).39 3.3 Haiti HOPE/HELP program.41 3.4 Other Trade Policy Priorities in 2025.43 VI.Respondents Profiles.46 ii Abbreviations AGOA African Growth and Opportunity Act ASEAN Associat
6、ion of Southeast Asian Nations CAFTA-DR Dominican Republic-Central America Free Trade Agreement CBTPA Caribbean Basin Trade Partnership Act CBP U.S.Customs and Border Protection CBO Congressional Budget Office COVID-19 Coronavirus CRS Congressional Research Service CTPTA Customs Trade Partnership Ag
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