Retail Sourcing Report Q2 2023
With slowing consumer demand triggering manufacturing pullbacks across developed economies, sourcing leaders are facing a shifting production landscape. This report breaks down the indicators shaping decisions this quarter.
TradeBeyond’s Retail Sourcing Report delivers research and analysis aimed at informing global sourcing and buying decisions.
This quarter’s report is bigger and more comprehensive than ever, with extensive sections on economic indicators, shipping rates, and commodity prices, as well as expanded ESG coverage with breakout reports on sustainable brand leaders and global regulatory changes.
Key takeaways:
Slowing consumer demand and inventory reduction from retailers has led to a reduction in manufacturing output in most developed economies.
Mexico and Turkey are gaining momentum as nearshoring destinations for American and European companies.
Given weak demand, analysts predict that shipping industry net profits for 2023 will drop by 80% year-over-year to around $40 billion.
As global ESG regulations tighten, 73% of companies are pursuing closer strategic collaboration with suppliers toward sustainability goals.
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