How global supply chains are falling out of fashion

Published by
Reuters

By Elisa Anzolin and Silvia Aloisi MILAN (Reuters) – Fashion brands like Benetton are increasingly turning away from globe-spanning supply chains and low-cost manufacturing hubs in Asia, in a shift that could prove a lasting legacy of the COVID-19 pandemic. Italy’s Benetton is bringing production closer to home, boosting manufacturing in Serbia, Croatia, Turkey, Tunisia and Egypt, with the aim of halving production in Asia from the end of 2022, Chief Executive Massimo Renon told Reuters. Renon gave an insight into the economics driving a trend affecting much of the industry as strained supply …

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