• H&M and PVH supply chains could be hit by Suez blockage

    11 days ago - By Fashion United

    When the Ever Given ship was refloated at the end of March its 6-day delay caused a backlog of 370 ships according to Reuters.
    The congestion will have a rolling effect on supply chains, which may be felt for months to come.
    Insights from S&P Global suggest U.S. East Coast imports from western India, Sri Lanka, Pakistan and the Middle East are likely to be the most exposed to the closure of the Suez Canal. Leading importers in the U.S. who are potentially exposed to such routings include apparel and retail firms H&M and PVH, with 5,215 20-foot and 2,580 equivalent units respectively...
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