U.S. fashion companies continue to diversify their sourcing base in 2023, urged on by the need to de-risk their supply chains and the growing popularity of nearshoring after the disruptions to COVID-19. While China remains the most-utilized apparel sourcing base, the amount of sourcing quantity/value continues to fall. This year, 41% of respondents source less than 10% of their apparel products from China and an additional 30% only sources 11-30% of their apparel products from China.
The 32nd edition of the Apparel Sourcing Show (APSS) reaffirms this resilience. It is the only regional fair specialized in this industry and this year highlights the sustainability and innovation of the Guatemalan cluster.
With a consolidated ecosystem in the textile industry , Guatemala competes and positions itself as a strategic supplier in the “big leagues” of the sports market. From uniforms to fan apparel, products reach the NBA, NHL and MLB.
The U.S. Embassy reported that the U.S. and Guatemala committed to formalize a work plan to develop Puerto Quetzal, including additional feasibility studies, design planning and training by U.S. experts for the local infrastructure workforce.
