1、 COUNTRY SOURCING REPORT ISSUE 19 EXECUTIVE SUMMARY Post-Pandemic Sourcing:Amid Ongoing Uncertainties,Prepare for Opportunities For nearly two years,the COVID-19 Pandemic has shaken our world from the level of individual livelihoods to macro-economics.Global sourcing and supply chains for fashion an

2、d other industries have been similarly disrupted,to the extent there can be no return to the“old normal”.Coming on top of geopolitical tensions,the pandemic has laid bare for all time the risks of relying on cost-optimized,single-route,single-source,just-in-time lean global supply chains.With COVID-

3、19 continuing to ravage lives and economies across the world,it is too soon to forecast the pandemics lasting effects on global trade.But it is never too soon to start thinking of opportunities likely to emerge as the pandemic subsides,as eventually it shall with a combination of vaccines,treatments

4、,and natural immunity.What kinds of opportunities lie over the post-pandemic horizon?How should businesses position and prepare themselves?How best can they identify and mitigate ongoing risks and uncertainty in a post-pandemic world?Fung Business Intelligence undertakes research and fact-based anal

5、ysis to help businesses and governments address such questions and adjust their strategies accordingly.Our latest edition of Country Sourcing Report examines recent developments in 16 of the worlds largest textile and apparel producing countries as a basis for identifying and understanding key facto

6、rs likely to shape fashion sourcing over the next 12 to 18 months.Below,we highlight these under six headings.Country specific observations can be found in the body of the report.1.COVID-19 Pandemic Reaction and Response According to the World Health Organization,as of 14 October 2021 there have bee