Supply bottlenecks, slower product deliveries and higher freight and labour costs risk shifting the fast fashion industry into the slow lane, as shown this week by British online fashion retailer ASOS .
One solution is to reduce global exposure, which can also help to address pressure from investors focused on environmental social and governance factors, including carbon footprints and workers' rights.
For others, the time and cost of engineering a change is too great and in any case, profits have not been wiped out. ASOS, which has rapidly expanded into a force in UK retail, sources the majority of its goods from China and India. On Monday, it said supply chain pressures were expected to continue to the end of February, resulting in longer lead times for imported goods and constrained supply from partner brands.
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