Fashion Friday: Top Trends Shaping the Apparel Industry in South Africa
As the region experienced recessionary economic conditions in the past year due to the pandemic, the value of the apparel and footwear industry declined by 15%. As a result, new trends such as digitalisation, cash-on-delivery and the rise of casual wear emerged and started gaining traction. Though the pandemic caused massive disruptions to supply chains with country-wide lockdowns, port backlogs and shipping delays, many companies have turned to produce locally, which creates an advantage of having a more agile supply. In a market where agility is needed, it is in retailers' plans to support and invest in the local manufacturing industry. How will the US-Israel-Iran war shape business dynamics beyond the initial shocks? Visit our insights hub at euromonitor.com for free data-driven tools and resources to help you assess risks and plan for longer-term impact.