Levi Strauss, Adidas face second-order Cambodian COVID-19 disruptions

Cambodia 18 China 2905 Cons. Discr. - Apparel 451 Coronavirus 507 Tariffs 1768 U.S. 5211

The Cambodian garment industry faces widespread shutdowns due to a shortage of raw materials linked to the COVID-19 coronavirus outbreak according to the country’s labor ministry. Cambodia represented 1.5% of global apparel exports in 2016 while apparel and textiles represented 67.0% of Cambodia’s total exports that year. Shipments to the U.S. surged 28.5% higher in 2019 versus 2016 as Cambodia’s manufacturers took market share from China’s. That’s continued recently with Chinese supplies to the U.S. down 31.7% year over year in January 2020 while Cambodia’s shipments to the U.S. climbed...

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