Q2 2024 BAROMETER: Q1 Procurement Uptick: a Beacon of Hope for Western Retail?
After a year of sluggish demand, the first quarter of 2024 witnessed a rise in sourcing volumes across the board, both in overseas supplier regions as well as nearshoring markets. This swell in procurement can be linked to multiple factors, such as fading recession fears and improved consumer sentiment in the West, inventory replenishment following the holiday season, as well as brands relying on larger shipments to mitigate longer freight transit times on routes affected by the Red Sea crisis.
Read the full articleApril 10, 2024