Retail Sourcing Report Q1 2023

TradeBeyond’s Retail Sourcing Report provides research and analysis aimed at informing global sourcing and buying decisions for supply chain professionals. As 2023 begins, the global economy is on shaky ground. For our first report since we rebranded from CBX Software to TradeBeyond last November, we explore the implications of those economic headwinds. We’ve also added a substantial new section on ESG indicators and ethical fashion trends.  

Key takeaways:   

• Global manufacturing has declined greatly, with China’s falling for the fifth consecutive month in December. That’s taken a toll on employment, but softening inflation could pave the way for a recovery later in 2023.

• Shipping rates continue to fall and are expected to stabilize at or below pre-pandemic levels.

• Fears of a global recession are keeping commodity prices low. Dated Brent Crude oil prices are expected to moderate to around $83 per barrel, down from an average of $100 a barrel in 2022.

• Brands and retailers are struggling with the practical challenges of ESG, such as measuring and reporting.