Roughly two fifths of fashion executives ranked production and sourcing costs as the the biggest or second biggest challenge facing the industry in 2022. This was tied with shipping delays and supply chain dirsuptions as the challenge most commonly ranked in the top two issues.
Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022
Characteristic
Share of responses as 1st and 2nd most important challenges
Information on the businesses of the survey participants:
80 percent had more than 1,000 employees
10 percent had 101-999 employees
9 percent had less than 100 employees
70 percent were retailers
67 percent were importers and wholesalers
40 percent were Self-identified brands
100 percent had headquarters or management offices in the U.S.
75 percent had companies with headquarters or management offices outside the U.S.
Over 50% sold products abroad, as well as in the U.S.
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USFIA. (July 18, 2022). Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/
USFIA. "Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022." Chart. July 18, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/
USFIA. (2022). Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/
USFIA. "Most Significant Business Challenges for The Fashion Industry in The United States According to Fashion Executives in 2022." Statista, Statista Inc., 18 Jul 2022, https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/
USFIA, Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022 Statista, https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/ (last visited November 22, 2024)
Most significant business challenges for the fashion industry in the United States according to fashion executives in 2022 [Graph], USFIA, July 18, 2022. [Online]. Available: https://www.statista.com/statistics/1326406/fashion-industry-main-challenges/
