Supply Chain Research

Prime Minister Boris Johnson has indicated that British exports of socks to the U.S. are minimal as they face both tariff and nontariff barriers. While the Prime Minister is reportedly incorrect on the nature of the barriers it is clear that the British apparel industry has made little headway into the U.S. Exports of socks to the U.S. from the U.K. were worth just $2.8 million in the 12 months to Jul. 31, or 0.1% of the total. That followed an 11.7% contraction compared to a year earlier. A cut in shipments to the U.S. from China – which represented 62.3% of the total in the 12 months t...